The Singapore-listed companyannounced last week that it had sealed a $100m contract for its newest vessel.
An international oil major is taking a recently deliveredmaintenance work vessel (MWV) for up to seven years including extensions.
Analysts at DBS Vickers say the implied charter rate is aboveits expectations by almost a quarter.
“The implied daily charter rate for the contract works outto be about US$39,000 per day, which is higher than our existing assumption of US$30,000per day, and signals the strength of the offshore accommodation and inspection,repair, maintenance market in Asia,” it said in a note to clients.
