DEBT-LADEN ROAD TO RECOVERY WILL BE A LONG ONE

摘要

Turner Holm, managing director, equity and credit research at Clarksons Platou Securities, had some very interesting points to make in a recent analysis of the finances of leading offshore vessel owners. Writing in the company's publication The Logbook, he analysed annual selling, general and administrative expenses (SG&A) of a number of owners relative to active vessels for a selection of publicly listed offshore support vessel (OSV) companies. The median of the group is an all-too-high US$900,000 per year in SG&A for each active vessel.