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To: Ditchdigger who wrote (42558)4/18/1999 10:18:00 PM
From: Big Dog  Respond to of 95453
 
Not so much. Shipyards don't really make that much on newbuilds...maybe 15% max. Less if there are problems. Now change orders...that's a different ballgame. That's when they have you by the bananas.

It would be crazy to build a new rig now without having a multi-year contract to back it. Never happen. (Except Rowan...you never know about Palmer!)

big
loosbrock.com