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Gold/Mining/Energy : Trico Marine Services (TMAR)
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To: Don Westermeyer who wrote (20)2/19/1998 3:25:00 PM
From: Don Westermeyer  Read Replies (2) of 1153
 
Here is an article about the concern about the overabundance of supply boats. I guess the word 'glut' is appropriate. :)

neworleans.com

In short the concern is that new supply boats show up faster than rigs. Companies like TDW are entering longer term contracts at about a 10% discount to the current day rate to protect them.
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