Yards in Singapore have consolidated their position in top five rig builders, says Macquarie.
Macquarie Equities Research noted:
SG yards have bagged 41% of the 133 rigs ordered since 2010. Building highspec jack-ups is their domain (100% market share in global orders in 2012) while they continue to penetrate in the floaters market (Semis and Drillships).
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