April 30, 2023: The CIMC Raffles shipyard hosted the delivery for operation ceremony for the 300-foot jack-up rig "Wan Zuan 3" (hence referred to as WZ3), which is operated by Tianjin Kaisheng Offshore Equipment Leasing Co. Ltd, an offshore asset management company connected to the CIMC group.
15 August, 2021: For the Optimus Wind Limited subsidiary of rsted Wind Power, Sembcorp Marine successfully finished fabricating the Offshore Substation (OSS) and Reactive Compensation Station (RCS) (collectively, "Substations").
Author Credits: Payel Roy, Dhruv Bhatia
Report ID: 4971
Published Date: Jun 02, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
The major factors driving the growth of the market are growing demand for vehicles, rise in demand for electricity, and reduce price of oil.
The market size of mobile offshore drilling unit (MODU) is anticipated to attain a CAGR of ~2% over the forecast period, i.e., 2023 â€“ 2035.
The major players in the market are Keppel Corporation Limited, Sembcorp Marine Ltd, DSME Co., Ltd., SHI International Corporation, and more.
The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by drilling unit, water-depth, and by region.
The deep & ultra-deep segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
Rise in demand for electric vehicles, high cost of operation, and adverse effects on marine life are estimated to be the growth hindering factors for the market expansion.
The market in the North American region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.