06 May '12, 12am

CH Offshore Q3 2012: No more debts and losing 2 ship charters

Whether CH Offshore can charter at a higher rate. Management say OSV market picking up but rates are not at 2008 level. This looks negative. The quality of assets. CH Offshore has a young fleet, which should command more market value in the event of liquidation. They should be able to operate in a better condition. Debt levels. In CH Offshore’s case the lack off. Using debt is a skill in itself, and we want to see CH Offshore’s management willing to get into debts and buy ships at low prices in anticipation for market pick-up Operation and Risk Management. In the aftermath of the GFC and FSL Trusts problems, whether it is REITs or shipping trusts or charterers, they are essentially asset managers and the skill of the asset managers are very important. The old hands would have been through many ups and downs and their actions will tell us in the long haul whether they are a...

Full article: http://www.investmentmoats.com/money-management/dividend-...

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CH Offshore Q3 2012: No more debts and losing 2...

thefinance.sg 06 May '12, 6am

Revenue was weaker falling by 8.7% due to lower contribution since they sold of a vessel and some vessels were in repair N...