Trico Marine Services (TMAR) Message Board

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Gold/Mining/Energy : Trico Marine Services (TMAR)

TMAR 22.41

0.0%

Nov 7 9:30 AM EST

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To: Grommit who wrote (604)	7/28/1998 1:58:00 PM
From: D.J.Smyth	Read Replies (1) of 1153

should say that new contracts are running at $6k for certain non-double hulled supply boats for shallow water operation. supply boats with double hulling are able to serve the deeper gulf waters and command a new day rate of $7.5K so your statement that "rates have already fallen to $6K" is inherently incorrect trico has a significantly higher percent of their supply vessels double hulled compared to TDW or HMAR serving in the gulf. thus their vessels, being newer as well, are capable of commanding the higher day rates

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