The Singapore-listed offshore vessel owner and builder sawnet profit rise 7% to $4m from $3.8m in the first leg of the previous year
Revenue grew by 53% to $24.8m on higher charter rates as thebusiness expanded its reach beyond Asia to West Africa, India and the MiddleEast.
The improvement came despite vessel utilization falling dueto various reasons including seasonal factors, delayed contract awards andchanges in cabotage rules in Indonesia.
However
