Sources: A drop in oil prices or influence Chinese shipyard

2014-10-27

Liu Xunliang,the general manager of China Newbuilding Price Index (CNPI) Limited Company stated outright in the Second International Ship Finance Summit Forum that, the current falling of international oil prices will pose a potential threat to Chinese marine engineering market.

Now there are total 140jack-up drilling platforms under construction in global, half of which have not obtained fixed leases yet, while 44 of them are built by Chinese shipyards. Mr. Liu said, citing official statistics.

With the continued decline of international oil prices, the demand for marine engineering is profoundly affected. As most of drilling companies have realized the upcoming crisis, so they decided that those already developed oil well be mined continuously, while planned ones will be halted.

Source from : CNSS

HEADLINES