Maersk Drilling: No new investments before 2013

Maersk Drilling has been so successful at finding customers for its rigs that the company is now ahead of its own investment schedule. The reason for this is the company’s changed approach to newbuildings, says Maersk Drilling CEO Claus V. Hemmingsen to ShippingWatch.

Maersk Drilling has stopped all investments for the remainder of 2012, as the company is now ahead of its own investment schedule.  The company is in this advantageous position because it interacts with customers before the rigs have been built.

“The USD 4.5 million that we’ve invested puts us a bit ahead of schedule, looking back over the last year and a half. So we’re not going to place any new orders for the rest of 2012. It’ll probably be sometime in 2013 before we place the next orders. It’s not because the company can’t handle it. It’s because we would like to see how the technology has developed when we decide to build the new rigs,” says Claus V. Hemmingsen.

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

ECSA's new secretary general balances on a razor's edge

ECSA’s newly appointed secretary general, Sotirs Raptis, has taken up the helm of an organization criticized by its own members for being invisible. In an interview with ShippingWatch, Raptis explains how he intends to alter that image.

Related articles

Latest news

See all jobs