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ONGC's Jack-Up Rig tender-IV: Day rates for floaters unlikely to go up until 2019
Jun 22: 2017 is going to be a bad year for the floater rigs market as well
8Demand is expected to pick up in 2018 but pricing power will significantly trail demand for some time to come on account of large number of free vessels.
8Day rates are only anticipated to go up from 2019 onwards.
8An analysis of expected demand for floaters going up to 2025 is carried here
8Attrition levels are going up in this segment of the market as well but a climb in roll off of contracts will see the attrition rate go up
8Details of vessels warm stacked and cold stacked by age are carried here
8Also documented is the estimated number of current floaters which will have to be decommissioned before the market returns to balance
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