Samsung Heavy Industries (SHI) has managed to secure a two-year bareboat charter for a cancelled drillship newbuilding in a deal with Italy’s Saipem.

The South Korean shipbuilder said the vessel will be delivered in November 2021 and that there is an option to purchase the drillship by the end of 2022.

The 12,000-water-depth drillship has been renamed the Samsung Santorini.