DSME sells Cobalt Explorer to Northern Drilling

Cobalt Explorer

Daewoo Shipbuilding and Marine Engineering (DSME) is set to deliver a newbuild drillship to a Bermuda-based Northern Drilling.

The DP3 drillship Cobalt Explorer was originally ordered by US-based Vantage Drilling. However, the contract between Vantage and DSME was terminated in 2015 after the owner became unable to pay for the vessel’s construction.

Cobalt Explorer has since remained with DSME until an agreement for the sale of the vessel was signed with Northern Drilling on Tuesday, April 30.

Baird Maritime

Baird Maritime is one of the world's premier maritime publishing houses with headquarters in Melbourne, Australia and a publishing subsidiary in Hong Kong. The group produces two monthly magazines, Ausmarine and Work Boat World and a number of annual publications all focusing on various aspects of the commercial, government and military marine industries. It also presents this maritime portal.