Italy’s Saipem and Norway’s Subsea7 Merger to Create Energy Services Giant

Energy services firms Saipem and Subsea7 have reached an agreement on the key terms for possible merger of the two companies under one unit to be named Saipem7, whose combined backlog would

Freight Rates Frustrate Recyclers

A recent and ongoing uptick in freight rates across many sectors (especially dry, as wet rates have been performing far admirably in comparison) has resumed depriving global ship recycling markets of tonnage