huge debts carried by Singapore-listed offshore firms, page-18

Yellowfin - i have watched your replies to AHS and i think you are missing the boat.
I would be interested to hear what contracts MRM did for SLB as as far i can see it is really only the tugging barging projects around Australia that got MRM anywhere. I dont agree with your views that MRM has a wealth of experience at the top end of town but would be happy to hear more so i can reconsider my investment approach.
On the contrary, i share AHS views that the OSV is massively oversupplied, many owners and financial institutions will not be able to wait for the eventual recovery, and further that MRM built itself up on a WA project boom that has ended. I do not see any upside here and unfortunately fear its eventual demise.