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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: NucTrader who wrote (23910)	6/11/1998 9:41:00 PM
From: Big Dog	Respond to of 95453

I'm not sure that FGII ever had a pricing edge over Asian yards. There are a number of yards in Asia. Some are not well-suited for jackups since they are more used to "flat steel" work. Jackups aren't much flat steel work. Asian yards include: Hyundai, Samsung, Daewoo, Mitsubishi, FELS, Promet, Dalian, IHI and a few more. There are plenty of them. Some of these yards are huge ship building facillities and don't much bother with rigs or rig repairs. The shipyard business is a very interesting niche business.