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

To: Sam Miller who wrote (610)	7/28/1998 6:20:00 PM
From: D.J.Smyth	Respond to of 1153

<<Or were they saying that the labor costs will go down more than the decrease in revenue per boat? >> they were saying that if you drydock a boat, you generally don't drydock the crew too. so, a drydocked boat still has labor costs associated with it, but not revenue production. if you permanently drydock a boat, you layoff the crew. all their crews associated with their drydocked vessels have remained employed over the past twelve months by using them to upgrade the vessels. so, 15 supply boats have been drydocked and their crews have remained employed. if they permanently drydock a boat the cost of insurance on the vessel decreases, it has no crew and maintance is limited.