Abundance of rigs slows down recovery of drilling market

Far more drilling rigs need to be taken out in order for the market to significantly improve, analyst Lukas Daul tells ShippingWatch. He projects that 150 rigs will leave the market in the coming years.

Photo: Bloomberg

Log in to read our articles

Welcome to ShippingWatch. A part of our content is exclusive and reserved for our users.

Try us for 14 days

Try a trial subscription for access to our quality journalism

Related articles

Latest news


See all

See all