Zhoushan Changhong International welcomes the surge in the dismantling of floating drilling platforms.

Release time:

2015-08-12


6As of now, Zhoushan Changhong International Shipbuilding Co., Ltd. has imported6scrap steel ships, weighing89000tons, with a cargo value of1790ten thousand US dollars, all three indicators have reached new highs. This6imported scrap steel ships are all drilling operation vessels, all scrapped by the world's largest drilling ship owner, Switzerland'sTransoceancompany. Since the oil price plummeted last year, oil companies have significantly reduced exploration and development budgets, indirectly leading to a decrease in chartering activities for floating drilling platforms, resulting in a decline in fleet utilization and daily rental rates, with drilling ship owners earning very little. Many drilling ship owners have chosen to scrap and dismantle old drilling platforms.

It is reported that since2014the oil price plummeted last year, oil companies have significantly reduced exploration and development budgets, indirectly leading to a decrease in chartering activities for floating drilling platforms, resulting in a decline in fleet utilization and daily rental rates, with drilling ship owners earning very little. Affected by this, many drilling ship owners have chosen to scrap and dismantle old drilling platforms, objectively promoting a surge in the dismantling of scrap steel ships.