The Future of Long-Idle Drillships: Cold-Stacked or Dead-Stacked?
Noble Corporation’s recent decision to sell the Pacific Meltem and Pacific Scirocco for non-drilling purposes highlights a key issue in the drillship market: What happens to cold-stacked rigs that are unlikely to return to work? With the floater market showing signs of weakness and contract opportunities becoming scarcer, reactivating these units is proving even more challenging.Esgian Rig Values has adjusted its valuations since early 2025 to reflect these conditions, reducing 6th generation drillship values by approximately 12%…
Chinese Vessel Orders Shoot Beyond $123B, Veson Nautical Finds
Veson Nautical, a provider of maritime commercial management and trading software solutions, has reported that the Chinese newbuilding vessel orderbook has topped $123 billion in 2024, with container ships making around 38% of total vessel orders.Using VesselsValue data, Veson Nautical has summarized the Chinese orderbook by top Chinese ordering companies and insight into the ships currently being built at Chinese yards.Of the top Chinese companies ordering vessels last year, China Merchants Shipping ranks first, with contracts agreed for 28 new vessels, worth $4.4 billion.
Will the Future be Walls or Bridges? Equinor Releases "Energy Perpectives 2022"
Energy Perspectives 2022: Long-term development in the world’s energy markets and how politics, technologies, companies, and consumers can influence it, is an overarching theme of the energy transition.With inflation raging, geopolitical disruption and resultant energy security concerts, and continued logistics woes, the table is set for Equinor to deliver its insights on energy courtesy of its "Energy Perspectives 2022" report.“Russia’s invasion of Ukraine earlier this year has not only tragically impacted the lives and livelihoods of those directly affected…
