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.
Already a subscriber? Log in.
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
Get full access for you and your coworkers.
Start a free company trial todayMore from ShippingWatch
Prosafe reports best fleet utilization since 2015
Norwegian hotel rig provider Prosafe, which completed a wide-scale restructuring in December, comes out of 2021 with highest fleet utilization in six years.
Scrap buyer threatens critical media with legal action
GMS, procurer of ships for recycling, targets media that the company says have published untruths about its scrap vessel trading. GMS doesn’t name these media, however.
Record orders for container newbuilds in 2021 – bank downplays fear of price war
Container lines have been ordering new ships like never before – a quadrupling of vessel orders from 2020 to 2021, reveal figures from VesselsValue. But overcapacity in 2023 and 2024 isn’t likely to lead to a price war with major rate drops, says analyst.
Shipping industry silent on EU's "bold" no to South Korean yards
EU’s decline of major merger between South Korean shipyards DSME and HHI shows that Brussels is not afraid to make ”bold decisions,” assesses large law firm. The shipping industry’s own reaction is mostly silent.
Shipowners ordered more wind installation ships in 2021 than ever before
A record-high number of offshore wind installation ships were ordered in 2021, reveal figures from Clarksons Platou, also showing increased day rates for larger vessels.
Director of Lederne Søfart 
Chief Operating Officer 
Key Account Manager, Denmark 
Investment Analyst 
Safety & Operations Manager 
Sales Director