Zhoushan Changhong International Shipyard has bought six decommissioned semi-submersible drilling rigs from Transocean for demolition.
The privately run Chinese scrapyard and shipyard has paid a total of USD17.9 million since June for the six vessels, which have a combined weight of 89,000 tonnes, according to a statement from the yard on 12 August.
Since 2014, Zhoushan Changhong has already broken up three Transocean rigs – Sedco 703, Sedco 709, and Discoverer Seven Seas – according to IHS Maritime’s Sea-web.com.
As of 12 August, Transocean had 11 semi-submersible drilling rigs slated for breaking up: C Kirk Rhein Jr, Deepwater Expedition, Falcon 100, GSF Aleutian Key, J W Mclean, Sedco 700, Sedco 601, Sedco 707, Sovereign Explorer, Transocean Legend, and Transocean Rather.
Zhoushan Changhong’s newbuildings orderbooks comprises two 250,000 dwt ore carriers and two 63,500 dwt bulk carriers.
Imports of vessels and other floating structures to China for scrapping fell 30% year on year over the first half of 2015 to USD130 million, according to customs statistics.
This post was sourced from IHS Maritime 360: View the original article here.