Building crisis: Yards left with '$15 billion losses' on stranded newbuild rigs

Yards may be forced to scrap newbuilds as asset values have plunged for rigs abandoned amid drilling market slump: Bassoe Offshore

Delayed deliveries: newbuild rigs lined up at Singapore yard Keppel Fels
Delayed deliveries: newbuild rigs lined up at Singapore yard Keppel FelsPhoto: KEPPEL FELS
Published 21 October 2020, 11:23Updated 22 October 2020, 08:08