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Is Maersk Drilling losing its upper hand in the drilling industry?

Several of Maersk Drilling's major competitors have spent recent months shaving off billions of dollars in debt, which could put the Danish company in a worse market situation, estimates Fearnley Securities. CEO Jørn Madsen is less worried, he tells ShippingWatch. 

Photo: Stine Bidstrup/Stine Bosse/Ritzau Scanpix

While competitors around the globe have shaved off billions of dollars in debt in recent months, Maersk Drilling may have lost one of its best qualities.

The Danish drilling company's CEO, Jørn Madsen, has never tried to hide the fact that a high level of debt in the industry put Maersk Drilling in a better position than its rivals – something Madsen highlighted during the company's general assembly in April.

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