Hercules Offshore offloads ageing jackups

Houston: NASDAQ-listed Hercules Offshore has offloaded two ageing jackup rigs for around $1.8m each, its latest fleet status report reveals.

Hercules 207 (built 2001) and Hercules 211 (built 2000) were sold during the month of June. Both have been cold stacked since 2009, and most likely will end up scrapped.

The latest status report also shows a 39 day contract for Hercules 264 (rebuilt 1998) from Liner has commenced at a rate of $69,000-$71,000 per day, and a new 8 day contract has been signed with Bryron Energy for Hercules 205 (built 1979) and commenced on June 22 also at $69,000-$71,000 per day.

Last week it was announced that the company would undergo a restructuring process and planned to file Chapter 11.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.
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