As a comparison, you can still pick up stranded newbuilds of similar specifications from shipyards at well below 50% of that number.

Source: https://seekingalpha.com/article/4622466-transocean-stock-solid-q2-2023-earnings-long-term-outlook-reiterate-buy?source=feed_all_articles

Cambridge City CouncilPermission to demolish around 70 newbuilds with foundation failures in the Cambridge Darwin Green development is not expected before the end of October.

Source: https://www.cambridge-news.co.uk/news/cambridge-news/cambridge-educated-doctor-groomed-vulnerable-27726644

Market utilization is holding steady above 90% and approaching highs we have not seen since 2014, as the excess supply and the overhang of newbuilds have substantially disappeared.

Source: https://seekingalpha.com/article/4605134-shelf-drilling-ltd-shllf-q1-2023-earnings-call-transcript?source=feed_all_articles

The news comes as Labour councillors for the Johnstone ward raised concerns that the £70m needed to address school capacity issues at Dargavel would come at a cost to existing proposals for newbuilds and refurbishments across the school estate.

Source: https://www.dailyrecord.co.uk/in-your-area/renfrewshire/renfrewshire-council-remains-committed-new-30670788