Maersk Drilling buys distressed new rig from Hercules Offshore

Maersk Drilling has entered into an agreement to purchase a newbuild jack-up rig from Hercules Offshore, and the...

Fredriksen chases distressed rig newbuilds

John Fredriksen is seeking to acquire distressed rig newbuilds under the wing of a new company called Sandbox....

Navios inks another distressed vessel deal

Navios Maritime Holdings is to acquire 14 vessels from HSH Nordbank, through a new joint venture Navios JV, for a $14m investment and assuming the participating HSH loans on the vessels. ...

Further distressed vessels, migrant deaths reported in Med

The International Organisation on Migration (IOM) Rome office has received distress calls from a “sinking” vessel estimated to be carrying 300 migrants, with 20 reported fatalities. ...