Maritime Disasters Shed Light on Legal Future of Bridge Collapse [BNN Bloomberg (Canada)]
Transocean Ltd (Switzerland) (RIG)
Last transocean ltd (switzerland) earnings: 4/29 04:24 pm
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Source: BNN Bloomberg
Insurance claims involving the bridge's reconstruction, along with any wrongful death and business interruption claims, could reach as much as $3 billion, Barclays Plc analysts said Wednesday, a day after the collision sent the bridge sprawling into the water and left six workers presumed dead. No lawsuits have been filed against Grace Ocean, the owner of the Singaporean-flagged container ship, the Dali, and the company has yet to petition to limit its liability and corral cases under a single court — a common move that follows maritime disasters and invokes a US law from before the Civil War. But the record suggests a rash of litigation to come. The results have varied widely, with one major disaster, the explosion of the Deepwater Horizon oil rig in 2010, resulting in several multibillion-dollar settlements. Here's the legal fallout from some of the largest US maritime disasters in recent history. Summit Venture, 1980 Accident: The bulk carrier Summit Venture slammed into
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News
- Will Transocean (RIG) Report Negative Earnings Next Week? What You Should Know [Yahoo! Finance]Yahoo! Finance
- Transocean adds contract extensions worth $248M, fleet status report says [Seeking Alpha]Seeking Alpha
- Transocean Ltd. Announces Results of Tender Offers [Yahoo! Finance]Yahoo! Finance
- Transocean Ltd. Announces Results of Tender OffersGlobeNewswire
- Transocean Ltd. Provides Quarterly Fleet Status ReportGlobeNewswire
RIG
Earnings
- 2/19/24 - Beat
RIG
Sec Filings
- 4/18/24 - Form 8-K
- 4/17/24 - Form 8-K
- 4/11/24 - Form 8-K
- RIG's page on the SEC website