Korean shipbuilders have been dominating the world drillship newbuilding market since this year.
Korea's big three - Hyundai, Samsung and Daewoo - have made a clean sweep of all the 10 new drillship orders placed worldwide so far this year with their outstanding technology.
In particular, drillships are expected to see more new orders since the investment into resource development projects is increasing with oil prices soaring, and oil majors facing limit oil development in shallow water are moving into deep water.
One shipbuilding player says, "The competition in grabbing new drillship orders is cutthroat actually among Korean yards since other rivals like Europeans, Japanese or Chinese cannot catch up the high-tech for drillships. Therefore, Korean yards can improve their results in a big scale this year thanks to the good fight in the offshore sector."
Published : March 18, 2011
Source: Asiasis
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