Focus on Offshore: Newbuilding interest only in individual cases

This is an extract of our Market Insight Report


Based on the low oil price, capital expenditures at minimum and decelerated activity in developing new fields, the demand for basically all kind of mobile offshore units and supporting vessels remained depressed. Demand for drilling rigs hit already rock-bottom last year, with a utilization of combined jack-up and floaters of 63%. This year so far the situation was more or less unchanged, a little bit more positive for jack-ups, slightly lower for floaters. For the whole year demand is expected to rise by 1% compared to 2016, utilization at the end of June reached 64%.

This is a short extract of our Market Insight Report. 

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