Offshore

Analyst firm: It will be tough to find a buyer for Pacific Drilling's ships

Pacific Drillings' fleet has shaved a huge share of its market value over the past year and it would be "surprising if anyone has pockets deep enough to take on these vessels," says VesselsValue.
Photo: POLFOTO/AP/Daniella Beccaria
Photo: POLFOTO/AP/Daniella Beccaria
by SØREN PICO

It will be tough to find a buyer for Pacific Drillings' drilling vessels, says analyst firm Vessels Value after the drilling company announced Monday that it was applying for Chapter 11 bankruptcy protection in the US.

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