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Seadrill delays delivery of two drillships at DSMESeadrill delays delivery of two drillships at DSME

Seadrill has postponed delivery of two ultra-deepwater drillships from Daewoo Shipbuilding and Marine Engineering (DSME) by at least two years.

Marcus Hand, Editor

January 15, 2016

1 Min Read
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The West Aquila and West Libra were due to be delivered in the second quarter of 2016, but it has been agreed with the yard they will not be delivered until second quarter 2018 and first quarter 2019 respectively.

“This agreement significantly improves the company's near term liquidity position by deferring these capex commitments to 2018 and 2019 with no further payments to the yard until that time,” Seadrill said.

About the Author

Marcus Hand

Editor

Marcus Hand is the editor of Seatrade Maritime News and a dedicated maritime journalist with over two decades of experience covering the shipping industry in Asia.

Marcus is also an experienced industry commentator and has chaired many conferences and round tables. Before joining Seatrade at the beginning of 2010, Marcus worked for the shipping industry journal Lloyd's List for a decade and before that the Singapore Business Times covering shipping and aviation.

In November 2022, Marcus was announced as a member of the Board of Advisors to the Singapore Journal of Maritime Talent and Technology (SJMTT) to help bring together thought leadership around the key areas of talent and technology.

Marcus is the founder of the Seatrade Maritime Podcast that delivers commentary, opinions and conversations on shipping's most important topics.

Conferences & Webinars

Marcus Hand regularly moderates at international maritime events. Below you’ll find a list of selected past conferences and webinars.

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