Maersk Drilling CEO: It stings when daily rates go below USD 200,000

Even though Maersk Drilling was able to slightly upgrade its forecast for the full year of 2016, CEO Claus Hemmingsen is not particularly optimistic about the possibilities of finding employment for the idled fleet. And it really stings when daily rates drop below USD 200,000.

Photo: Maersk Drilling

With seven out of 24 vessels and rigs idled, it can be difficult to maintain optimism at the relatively new headquarters of Maersk Drilling north of Copenhagen. This is in spite of the interim report last week actually showing a pleasantly surprising profit of USD 164 million.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
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

Tanker companies pay out massive dividends

Hafnia, Torm, Norden and Scorpio Tankers have seen big profits this year in a strong tanker market, which has been highly affected by Russia’s war in Ukraine. The carriers are now sending record-high dividends out to stakeholders.

Further reading

Related articles

Latest news

See all jobs