U.S. private equity firm Cerberus Capital Management has expressed interest in acquiring the lease to Australia’s strategically vital Darwin Port, according to a senior executive at Landbridge, the Chinese company currently operating the port.Terry O’Connor, non-executive director for Landbridge in Australia
Noble Corporation’s recent decision to sell the Pacific Meltem and Pacific Scirocco for non-drilling purposes highlights a key issue in the drillship market: What happens to cold-stacked rigs that are unlikely to return to work? With the floater market showing signs of weakness and contract opportunities becoming scarcer, reactivating these units is proving even more challenging.
Greece's tourism jewel, Santorini, welcomed its first cruise ship of the year on Sunday after thousands of small earthquakes in February created a state of emergency, forced thousands to flee and had locals fearing the season would be lost.Millions of tourists flock to Santorini every year, squeezing along its whitewashed cobbled streets to view its famous cliff-top sunset.