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Government intervention urged to avoid 2025 supply-chain disruption

The company expects to soon complete its redomiciliation from Bermuda

Tanker-owning company is to petition the Supreme Court of Bermuda to sanction the scheme

The company is the world’s largest listed owner of large-size dry bulk vessels

The Bermudian-based independent crude oil tanker company said the decrease was mainly due to a quarter-over-quarter decline in tanker rates

Bermudian-based liquefied petroleum gas shipper expects to generate a gain on sale of up to $320 million

Amid volatility that can affect future outcomes, strong supply-side fundamentals underpin Seadrill’s faith in a long and enduring upcycle

It has an estimated total duration of 852 days, including a 672-day drilling programme that is expected to commence in the first half of 2026

The company has been registered in Bermuda since 2014

They will add approximately $240 million to the company’s fixed-rate backlog

They are scheduled for delivery in 2028 at an aggregate construction cost of approximately $1 billion

He is to succeed Anthony Gurnee, who is retiring