Add Samsung Heavy Industries, drillships likely increase utilization fell -NH Securities

Kept [Korea goyounghun financial newspaper reporter] NH Investment & Securities said this is likely to drop additional drillships operating rate for the 5th Samsung Heavy Rating: Neutral (HOLD) target price of 11,500 won on.

After one day before seeding reel saga mentioned the possibility of debt restructuring was Samsung Heavy Industries shares have plunged 38%.

NH Investment & Securities yujaehun researchers "seed Lille owns and operates the rig of 64 groups, trans-ocean shipping and top-tier drilling with (Transocean)" said "SHI two ships drillships one seed Reel orders (per ship almost 520 million US dollars) to complete the drying explained that the situation in India has been delayed. "

Yu researcher said, "There is going even debt restructuring of Ocean Rig (Ocean League), Samsung Heavy Industries, 2nd and during the drill membership in dry (per ship 550 million US dollars) can geumyul 40%" "current top five rigs drillships's capacity utilization is inde (140 of 200) 70%, 2017 ~ easy drill rigs in 2018 next to the 60 level, which expires charter utilization was diagnosed and the high "possibility of additional fall.

He added "it is not possible that the ship's rig Resale India, one should proceed from the sale (re-sale of the new buildings), the market is expected to have difficulties when considering the current situation of the charter market will follow," he said.



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