Singapore offshore yards grabbed 12 newbuild orders from Mexico

Are Chinese yards fazed by this?

According to Nomura, Singapore-based offshore yards have secured a total of 12 JU newbuild orders since December 2012 of which both SMM and Keppel have secured six orders each.

Drillers in Mexico have exhibited a pattern of building same design rigs. While Grupo R have ordered four rigs based on Keppel’s KFELS B class design, all of Oro Negro’s orders have been of Pacific Class 400 design.

Here's more from Nomura:

This re-affirms our thesis that drillers prefers having multiple rigs of same design as this results in lower operating and maintenance costs and improved efficiencies.

In our view, Singapore yards securing 12 newbuild orders from Mexico, has given them a head start in capturing the Mexican market over the Chinese yards.

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.

The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.

So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia