Floating drill rig owners hit by glut of new tonnage

Martyn Wingrove - Friday 5 February 2010

OWNERS of floating drilling rigs are facing a difficult market this quarter because of the surplus in semi-submersible rigs and drillships following a series of deliveries over the last six months, writes Martyn Wingrove.

Since July, 14 newbuildings have been delivered, raising the the global fleet of floating drilling rigs to 237, including 189 ...