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.

BY TOMAS KRISTIANSEN

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.

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