Where to ...supply base?, page-59

In its 2016AR, MRM has total assets of about $1.1B; Total Liabilities of $460.

That's very similar debt ratio to STO right? With STO having raised equity twice and owing debt at about 10x that of MRM.

I know, oil is a whole lot more valuable than vessels... But relatively new, high quality offshore vessels aren't exactly excavators.

Anyway, let's just say that I don't know what I'm doing. Just like those two experienced offshore operators, I'm just in this for the scrap heap.