Maersk Drilling sees largest quarterly orderbook growth since 2017

Revenue declined somewhat for Maersk Drilling in the first quarter, while the company also saw the largest orderbook growth since 2017. On Wednesday, the company raised its expectations for the full year. Updated.

Photo: PR/Maersk Drilling

Maersk Drilling added USD 730 million to its orderbook in the first quarter, which is the largest quarterly expansion since 2017, says CEO Jørn Madsen in an update for the first quarter, published on Thursday morning.

The recent expansion of the orderbook has prompted the Danish drilling company to raise expectations for the rest of the year, in sharp contrast to the end of last year, when Maersk Drilling announced new orders for USD 65 million for the fourth quarter.

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

More from ShippingWatch

DB Schenker defends carriers in red-hot container market

One of the major global customers, German DB Schenker, defends the quality offered by container lines in the exceedingly feverish market, which other freight forwards have criticized in strong terms. Even the high rates are in order, says the COO of Air & Ocean in an interview with ShippingWatch.

Azane Fuel Solutions was created during the pandemic using Teams

Azane Fuel Solutions was established in the middle of the pandemic. Digital meetings and planning over the phone proved no obstacles for top execs at Amon Maritime and Econnect Energy during the start-up. Now they have to set up bunkering terminals for ammonia in two and a half years.

Further reading

Related articles

Trial banner

Latest news

See all jobs