SBI Offshore shutters rig design JV

SBI Offshore has terminated its design joint venture with Axon Energy Products. Axon Rig Concept & Design Asia was formed in Singapore in July 2014. It had been a dormant company for most of the time since it was formed.

Demand for new rigs has disappeared this year amid the falling global oil price.


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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