China Takes the Lead in Jack-Up Construction

China has secured top spot in construction of jack-up rigs by offering attractive financial packages to clients, data from UK-based research group Douglas-Westwood shows.

The previous leader in the category, Singapore, was pushed to the second place with 33% share in global orderbook, 14 pct lower than China (47%).

The group said Singapore is not likely to retreat from the market, but has, instead, focused on higher value EPC contracts such as Keppel’s ‘CAN DO’ drillship project.

Between 2000 and 2010 Singapore held the leading position in construction of jack-ups, nevertheless, in the last five years China’s shipbuilders have proven themselves as fierce competition.

South Korea big trio, Samsung, Hyundai and DSME, have been sailing in some troubled waters over the recent period. As the trend is likely to continue,Douglas-Westwood claims that a shift away from heavy construction seems likely.

World Maritime News Staff

 

Share this article

Follow World Maritime News

In Depth>

Events>

<< May 2019 >>
MTWTFSS
29 30 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31 1 2

Global Sustainable Shipping Forum 2019

The event will provide valuable insights from conference sessions, great networking opportunities and will offer…

read more >

FPSO Brazil Congress 2019

Charging ahead with 24 planned orders by 2022, Brazil has once again solidified its status as one of the world’s foremost oil and gas leaders…

read more >

Nor-Shipping 2019

Nor-Shipping’s conference and event programme is tailored to deliver the knowledge, value and networking to help you build your business.

read more >

Electric & Hybrid Marine World Expo Conference 2019

Electric & Hybrid Marine World Expo Conference is the world’s only international conference…

read more >