Billionaire Fredriksen Builds New Rig Unit Amid Seadrill Woes

Billionaire John Fredriksen, already involved in tough talks to restructure the debt of Seadrill Ltd., is planning to register a new offshore rig company next week as he seeks to take advantage of depressed prices for the giant machines.

China builds clout with boatloads of cash for Greece

China is pouring money into Greece’s infrastructure sector, viewing the cash-strapped country as a strategic gateway to Europe.

Pressure builds on shipping industry to set carbon targets

Disagreement among nations means no carbon emissions targets have been set for international shipping, but voices from within the industry are calling for global...

Iron Ore Extends Decline to Five-Year Low as Global Glut Builds

Iron ore extended a drop to the lowest level in five years as slowing economic growth in China increased...

China builds pilot free trade zone to further open up

China's State Council has approved the establishment of a pilot free trade zone in Shanghai, according to a ...

CSSC builds new shipbuilding base in Guangxi

China State Shipbuilding Corporation (CSSC) has signed agreements with Guangxi Zhuang Autonomous Region Government, ...