tag:blogger.com,1999:blog-6213354074634538714.post2901245287072693124..comments2023-08-03T23:30:19.645+08:00Comments on (The) Boring Investor: A Peek into Offshore Support Vessel Companies' ProspectsLee Chin Waihttp://www.blogger.com/profile/10250390011842795509noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-6213354074634538714.post-51354550557195780962017-12-10T22:18:06.607+08:002017-12-10T22:18:06.607+08:00Hi Rolf,
This for the info. I agree with you that...Hi Rolf,<br /><br />This for the info. I agree with you that the OSV market is still quite challenging. Lee Chin Waihttps://www.blogger.com/profile/10250390011842795509noreply@blogger.comtag:blogger.com,1999:blog-6213354074634538714.post-69678255468503371952017-12-10T11:20:01.258+08:002017-12-10T11:20:01.258+08:00Hi CW,
OSV is not really direct O&G unlike FPU...Hi CW,<br />OSV is not really direct O&G unlike FPUs or Drill Rigs. OSV as the name suggests "supports". The OSV market is still very much over-supply in my opinion. Few orders, but many hungry OSV owners. Pricing and T&C are not favourable. Orders not necessary translate to profit as it is a complicated calculation of profit as we have to use the charted revenue over the depreciation life of the asset prices. Taking into account, price of vessel, maintenance & warranty unforeseen cost, loan and interest, how long the asset life projected, and even support from the various equipment suppliers to the vessel. <br /><br />A vessel owner can received an order, but the main equipment in the vessel are supplied by equipment supplier whom, because of other contracts with the buyer which they buyer had not pay them, the equipment supplier may choose not to support the Vessel owner. Without the main equipment supplier support, the vessel may not be efficiently operated. But in order to have the equipment support, the Vessel Owner may have to clear the previous bad debts which in this environment, they are running short of cash. <br /><br />Hence it is a difficult situation there. Just a new information for your knowledge. <br />Rolf Sueyhttps://www.blogger.com/profile/10723925075715114650noreply@blogger.comtag:blogger.com,1999:blog-6213354074634538714.post-68892299010901007122017-12-04T23:53:44.503+08:002017-12-04T23:53:44.503+08:00Hi,
Thks for pointing this out.
You have a great...Hi,<br /><br />Thks for pointing this out.<br /><br />You have a great blog there too!Lee Chin Waihttps://www.blogger.com/profile/10250390011842795509noreply@blogger.comtag:blogger.com,1999:blog-6213354074634538714.post-78750186936890967412017-12-04T07:58:19.031+08:002017-12-04T07:58:19.031+08:00Hi,
Another criteria to consider is the age of th...Hi,<br /><br />Another criteria to consider is the age of their OSV fleets. In a bad market, newer vessels will be charted first. And vessels laid up a long time may never be charted again. I think POSH is the best here.<br /><br />Really hard to tell when the turnaround will happen. We are waiting for laid up vessels to become uneconomical to run. Like waiting for ships to rust! There are some numbers in the footnotes of http://profithunting.blogspot.sg/2017/09/offshore-support-vehicles.htmlBlackCathttps://www.blogger.com/profile/01099222810472620637noreply@blogger.com