MMA Privilege Sea Trials Video, page-16

Spot market utlisation results lately encouraging. Even tho they announced low visibility re second half..seems they are like a firefighter on a hot day... Don't know where the work will come from... But it will come...

MMA none the less are holding their nerve more than I would re the older ones in the fleet. Guess they are calling they are still getting a return re book value.

My instinct tho would be to spin the older ones asap and pay off debt.... I'm a little impatient, these guys seems to be prepared to sit it out.

...New boats look nice. Will be good to see contract activation, eg Inpex, tho slightly delayed start .. as per contract terms ... as per AGM.