The market for offshore exploration is now the hottest section in the shipbuilding industry. Most new orders seem to go to Asian shipbuilders, with Singapore and China benefiting but with South Korea’s 3 big shipyards (Samsung, Daewoo and Hyundai) getting the lion’s share of orders. As oil prices have surged (2008) drill ships have been booked for the next 5 years and per day costs of some of the deep water rigs has risen from $150,000 a day in 2002 to $600,000 a day in 2008