Drillship dayrates set to dive

High number of new vessels coming on to the market could push charter rates below $300,000 per day

Martyn Wingrove - Friday 11 December 2009

AN INFLUX of new drillships into the global market in the next two years will have a long-term impact on charter rates for these vessels, but next year utilisation levels will remain high.

So far, the drillship sector, which includes a worldwide fleet of 47 vessels, has been unaffected by the collapse in oil prices and the credit crunch that start...

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