Samsung hit by another drillship delay

Samsung hit by another drillship delay

Samsung Heavy Industries has been hit by another owner delaying delivery of a pricey drillship.

Sources tell Splash the owner in question is Ocean Rig, which has delayed the Ocean Rig Santorini by 18 months from its original date of December 15 this year. The seventh generation drillship was ordered two years ago. As a result of the delay the contract value has increased to KRW 709.3bn ($599m) from KRW 610.3bn.

Ocean Rig has earlier this year delayed delivery of two other drillships at the same Korean yard.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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