Place of refuge for ship in distressisa typicalmaritimetopic, reflectingthestandardsandaimsofMarine industry, i. e. economy, society, safety andenvironment.
Sevan Drilling (SEVDR), a Norwegian oil drilling company that went public in May at 8 (Norwegian) Kroner a share, has tumbled to less than 4 kroner primarily because of the financial distress at its former parent, Sevan Marine, which has nothing to do with Sevan Drilling.