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Offshore sector needs a reality check on long-term benefits of consolidation

Asset valuations that are more about perception than reality are holding up recovery in the drilling sector, writes Gregory Brown, associate director at Maritime Strategies International. The offshore drilling market is ripe for consolidation. The sector continues to face challenges managing an oversupplied, highly competitive market combined with overleveraged balance sheets, weak liquidity and stressed …

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Asset valuations that are more about perception than reality are holding up recovery in the drilling sector, writes Gregory Brown, associate director at Maritime Strategies International. The offshore drilling market is ripe for consolidation. The sector continues to face challenges managing an oversupplied, highly competitive market combined with overleveraged balance sheets, weak liquidity and stressed …

[post_title] => Offshore sector needs a reality check on long-term benefits of consolidation [post_excerpt] => Asset valuations that are more about perception than reality are holding up recovery in the drilling sector, writes Gregory Brown, associate director at Maritime Strategies International. The offshore drilling market is ripe for consolidation. The sect... [post_status] => publish [comment_status] => open [ping_status] => closed [post_password] => [post_name] => offshore-sector-needs-a-reality-check-on-long-term-benefits-of-consolidation [to_ping] => [pinged] => [post_modified] => 2021-07-22 03:39:47 [post_modified_gmt] => 2021-07-22 03:39:47 [post_content_filtered] => [post_parent] => 0 [guid] => https://splash247.com/?p=147575 [menu_order] => 0 [post_type] => news [post_mime_type] => [comment_count] => 0 [filter] => raw )