Rig market set for 'restructuring wave' as Covid-19 crisis cripples cash flow

Analytical firm Nordea predicts imminent financial revamp for several challenged contractors as revenue dries up to service high debt levels

Sink or swim: as rig players are submerged by mounting debts
Sink or swim: as rig players are submerged by mounting debtsPhoto: AFP/SCANPIX
Published 10 June 2020, 09:44Updated 10 June 2020, 09:54