One fourth of the global fleet of floating drilling rigs, so-called floaters, could end up as scrap, as the coronavirus pandemic has accelerated the restructuring taking place in the offshore sector, writes Rystad Energy in a new analysis.
The firm estimates that 59 out of 213 rigs are potential scrapping candidates. This is because the coronavirus pandemic is expected to put a damper on demand up until 2022. Furthermore, 25 newbuilds are expected to be delivered ahead of 2023.
Already a subscriber? Log in.
Read the whole article
Get 14 days free access.
No credit card required.
Get full access for you and your coworkers.Start a free company trial today
Your trial for ShippingWatch has now started
With your free trial you get:
Full access to all locked articles on ShippingWatch.
Daily newsletter and ongoing top-newsletters. You can unsubscribe and subscribe to our newsletters anytime.
When your trial period expires
You will not be transferred to a paid subscription.
You will continue to receive our newsletters after the trial period expires. You can unsubscribe at the bottom of each newsletter.
More from ShippingWatch
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.