Seadrill gets a breather with postponed drilling vessels

Drilling rig unit Seadrill has secured a deal with Korean yard DSME to push the delivery of two drilling vessels in a move that eases the pressure on the company's liquidity, informs Seadrill.

The pressure on drilling company Seadrill has been eased slightly after the John Fredriksen-owned unit has secured a deal with South Korean yard Daewoo Shipbuilding & Marine Engineering (DSME), informs Seadrill in a corporate statement to the Oslo Stock Exchange.

Seadrill was originally scheduled to take delivery of the two ultra-deepwater drilling vessels West Aquila and West Libra in the second quarter this year.

Read the whole article

Get 14 days free access.

No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
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

Several factors explain the plummeting dry bulk rates

Dry bulk rates have taken an unusual dive at the beginning of 2022. Most recently, the Baltic Dry Index dipped by 4 percent Friday. Several factors have triggered a ”panic in the market,” an analyst explains to ShippingWatch.

Further reading

Related articles

Latest news

See all jobs