China is leading the jack-up drilling rig newbuilding market by winning more orders than Singapore.
According to OCBC Bank Singapore, Chinese shipyards have contracted overall $2.3bn of jack-up orders year-to-date, comparing with $2.1bn orders for Singaporean rivals.
OCBC said Shanghai Waigaoqiao Shipbuilding has booked the largest rig orders in China.
The bank pointed out that many of owners who placed orders at Chinese shipyards are speculators and have been attracted to favourable payment terms from China.  
Also, lacking rig building experiences than Singaporean builders, Chinese shipyards seem to gain less profitability, however, it will strengthen up by accumulating experiences.