RE:RE:Offshore serivices prices up 27%Suppe11 wrote: Thailand is shallow water. World wide there are so many jack-ups cold+warm stacked, that you can get them for free = for unstacking.
Like always, just bs from your side...
Guess you drank too much on your fantastic Aoi Venus deal...just a retirement deal for the managements and nothing for the shareholders.
Post Covid the game is synthetic shortages plus Thorenson with >12% stake owns the largest Thai offshore services with near monopoly backed by Military Junta who can run any competiotrs out of business in a week easily.
VLE already had cost over runs last 2 QTR delivered $6M loss in Q3 .....with unlimited supply of services the cost overruns are either shadow newcorpoffshore laundry or legistimate...we will see in Q4 results and Q1 '24.
I doubt they will be getting any discounts, especially when have zero csuite influence / relationship ssince located 1400KM away in sunny Singapore haha.