Maersk Drilling CEO hopes for fewer competitors and rigs

The CEO of Maersk Drilling hopes that there will, in the future, be fewer players in the drilling sector, and that the companies participating in the restructuring will make some more reasonable decisions, he tells Berlingske.

Photo: PR/Maersk Drilling

Maersk Drilling CEO Jørn Madsen hopes that the drilling market will consist of fewer players, he says in an interview with Danish media Berlingske.

"What one might hope is that there will be fewer participants, and that there may not be pressure to get new rigs into the market. One must assume that the ones partaking in the restructuring will now make some more reasonable decisions before sending new rigs into the market," Madsen tells Berlingske.

Read the whole article

Get 14 days free access.
No credit card required.

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

Employee at Bunker Holding subsidiary charged for alleged corruption

A trader at KPI Oceanconnect, a subsidiary of Bunker Holding, has been charged with alleged corruption totaling at least USD 191,250 as rewards for nominating Straits for the supply of bunker fuel to KPI's customers. The employee has been suspended and his contract terminated, the company informs ShippingWatch.

Freight rates for furniture eat up almost entire profit

The price of shipping a 40-foot container with assembled furniture from Asia to the US West Coast is currently so high that freight rates make up almost 100 percent of the furniture's retail value, according to Sea-Intelligence.

Wallem Group appoints new CEO

Wallem Group appoints interim CEO since January 2021 as the new chief executive officer of the ship management company.

Further reading

Related articles

Trial banner

Latest news

See all jobs