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Reflecting high demand for sixth-generation, harsh-environment semisubmersible rigs, their committed utilization is sold out at 100%. Dayrates in this group are forecast to continue increasing over the next five years, with rates at or above $500,000 for contracts beginning in late 2024 and early 2025.
Alert me about Rigs And Vessels Snow joke: workers had to pull together to clear snow from the site at CIMC Raffles in Yantai Photo: CIMC RAFFLES Snowed under at CIMC Raffles Chinese yard workers scramble to clear snow from work site around semisub newbuilt after huge storm 13 January 2021 15:28 GMT Updated 13 January 2021 15:28 GMT in Singapore A huge snow storm, the likes of which had not been seen in more than a decade, had workers shoveling snow off the site of newbuild rig at CIMC Raffles in the northern Chinese city of Yantai earlier this month. Sign up for our new ...