The shipbuilding industry has been taking a hard hit across Asia, where the world’s top ship and rig builders are based.
Offshore drilling firm Ocean Rig has reached an agreement with Samsung Heavy Industries (SHI) to postpone drillship deliveries and reschedule instalments for the rigs currently being built in South Korea.
It has been confirmed that a worker has died following injuries he sustained in an accident at Samsung’s Geoje shipyard in South Korea.
Shell has scraped $4.6 billion of orders for three new build offshore FLNG facilities, according to ship builders Samsung Heavy Industries.
Offshore drilling contractors, Pacific Drilling, have announced the cancellation of the half built ultra deepwater drillship- the Pacific Zonda, from Samsung