According to OCBC, Chinese yards’ jack-up orders YTD surpass Singapore’s. There have been recent reports on Chinese yards surpassing Singapore yards in terms of jack-up rig orders YTD.
Indeed, OCBC finds that jack-up orders for the former have totaled ~US$2.3b so far, compared to ~US$2.1b for the latter. Should this pace keep up till the end of the
year, it will be a significant milestone in the history of Chinese rigbuilding. Full story
