Offshore Yards - The China Threat | I3investor

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Offshore Yards - The China Threat

StockFanatic

Publish date: Thu, 21 Nov 2013, 11:10 AM

Pssst... China's been winning a lot of rig orders lately

As we approach the 2013 finish line, Chinese yards are maintaining their market share lead over Singapore. This means that the 'tipping point' we warned of at the start of the year is indeed happening this year.

2013 is on track to be the first year ever that Chinese yards will have won more drilling rig orders than Singapore yards.

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