Borr Drilling buys newbuilt rig at half price

Borr Drilling, owned by Norway's Tor Olav Trøim, among others, has just acquired a new jack-up newbuilding. The acquisition price is nearly half of what it was originally ordered for.

by SØREN PICO

Newly-established rig company Borr Drilling expands its fleet once again.

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Borr Drilling to expand rig fleet with USD 232.5 million acquisition
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Less than half of Borr Drilling's fleet is employed
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Borr Drilling expects steady increase in offshore contracts
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Borr Drilling buys newbuilt rig at half price

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Borr Drilling to expand rig fleet with USD 232.5 million acquisition

Less than half of Borr Drilling's fleet is employed

Borr Drilling expects steady increase in offshore contracts

Sign up for our newsletter

Front page now

Multiple arrests as protestors block entrance to Maersk HQ

Maritime & Merchant notes fierce competition in loans for shipping

Liner companies pay soaring sums for charter deals

Maersk Supply Service aims to quadruple profits

Norwegian car carriers bag multi-year contracts

Packed container ships trigger surge in air freight demand

Record influx of container ships this year will not cause trouble until 2025

Shipbroker BRS appoints Gilbert Walter as chairman

Spot prices for container freight continue to rise

IMO's fossil fuel ban in the Arctic faces criticism

Cosco and CMA CGM expect further pressure on major European ports

Kuehne+Nagel triggers unrest among staff with new management structure

Further reading

Kuehne+Nagel triggers unrest among staff with new management structure

Multiple arrests as protestors block entrance to Maersk HQ

Spot prices for container freight continue to rise

Maersk Supply Service aims to quadruple profits

Maersk has high hopes for rail freight that sidesteps Russia

Liner companies pay soaring sums for charter deals

Jobs