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Gold/Mining/Energy : Trico Marine Services (TMAR) -- Ignore unavailable to you. Want to Upgrade?

To: Mandinga who wrote (531)	7/10/1998 10:48:00 AM
From: D.J.Smyth	Read Replies (1) \| Respond to of 1153

Galt, Mark, Man: is it possible investors are confusing the day rates received from different vessel types, i.e., day rates for supply vessels are averaging $7200, but other vessel day rates are $3000 and less (as they've always been)? the weighting of the day rate is in favor of the supply vessel given their numbers. in speaking to a potential investor he stated he thought the average day rate was around $5000. TMAR investor relations also received calls from concerned investors asking if the day rates had fallen to $4500 (as that was the rumor). Green attempted to correct that rumor. i heard right now new vessels from new carriers are being held off on launch for the gulf(TDW's lowering of day rates performed its intended goal supposedly) given that the cost of running a new supply vessel in the gulf is around $6300 not including labor. they won't run new vessels at a loss. so the market remains relatively tight in terms of utilization. i suppose investors are determining utilization will continue to decrease even though natural gas use is expected to increase (70% hydrocarbon in the gulf is gas)?