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Maersk Drilling CEO calls for scrapping of up to 50 floating rigs

The drilling market is showing signs of a "impending recovery", but rigs will have to be demolished for the market to gain balance, says Maersk Drilling CEO Jørn Madsen in an interview with ShippingWatch.

Photo: Stine Bidstrup/Stine Bosse/Ritzau Scanpix

The drilling industry is finally undertaking a major clean-up of rigs, but more efforts are needed to create better conditions for a market that has been in crisis for years, assesses Maersks Drilling CEO Jørn Madsen in an interview with ShippingWatch.

Over the past 24 hours, the CEO has presented both an upward adjustment of expectations for 2021, black figures on the bottom line during the first half of the year, but also a consideration of the hard-pressed industry that shows signs of an "impending recovery".

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