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Transocean’s rig deferment spells deeper trouble for Singapore shipbuilders

stander
stander
in Oil, Gas and Energy News

Featured Replies

New orders won’t rebound until 2018.

Transocean’s decision to delay the delivery of five jackup rigs which are under construction by Keppel illustrates a deeper malaise ailing Singapore’s largest rig builders.

A report by Maybank Kim Eng said that Transocean’s decision simply means that it does not need any new rigs until 2020, which implies that a meaningful near-term recovery is nowhere in sight for the shipbuilders.

- See more at: http://sbr.com.sg/energy-offshore/news/transocean%E2%80%99s-rig-deferment-spells-deeper-trouble-singapore-shipbuilders#sthash.KgAYatkm.dpuf

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