Jaya is planning to reconfigure some of the assets in the existing build programme to enhance the marketability and the value of these assets. “The group will continue to selectively sell vessels with the objective of improving the fleet mix,” it said.
Jaya's plunge in net profit was due largely to disposal gains on vessels in the previous corresponding quarter. Net profit for the third quarter was at $3.76m compared to $34.26m a year ago. Revenue came up to $16.22m, a 17% year-on-year increase from $13.9m.
“The offshore supply vessel market continued to improve gradually during the period under review, notwithstanding that the market continues to be oversupplied due to which charter rates remain stagnant,” Jaya said.
Copyright © 2024. All rights reserved. Seatrade, a trading name of Informa Markets (UK) Limited.
Add Seatrade Maritime News to your Google News feed.
