ShippingWatch

Strained rig operators on collision course with yards

Several rig operators have fallen out with yards in Asia in their attempts to make it through the coronavirus crisis. Seadrill and Awilco Drilling are both in disputes with yards concerning canceled newbuilds.

Photo: Edgar Su/Reuters/Ritzau Scanpix

The rig companies' attempts to make it through the coronavirus crisis has sent them on a collision course with shipyards in Asia.

The oil price collapse in March has forced virtually all stakeholders in the sector to pursue cost reduction measures.

Read the whole article

Get 14 days free access.

No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Further reading

Related articles

Latest news

See all jobs