huge debts carried by Singapore-listed offshore firms, page-11

Good luck to you yellowfin.

I think tho you might be ignoring the massive oversupply of boats in the industry, the continued debt load that MRM is under (like most OSV companies), and the lag between any recovery in oil price and the spending on OSV's.

I wish you all the best, however I would caution that your optimism may be too early. MRM will need re capitalisation IMO and that will be highly dilutive to existing share holders.

After the re cap tho, with some patience, should be right.