Time to off-load this Mermaid, page-60

Couldn't agree more, it's crazy they haven't taken action as the vessel sales fail to raise desperately needed cash.
I don't get as passionate about the management as I have a dim view of corporate governance generally but your sentiment is well held.
I am equally outraged but not surprised if you like.
It's an expected outcome really, of the process of selection for conformity and mediocrity that any board member must go through to join the old boys club.
Any merit is effectively weeded out at an early stage, group think and delegation means that your governance expert is effectively something of a cripple - a mental midget focussed on grasping only money for themselves.
While spinning a line of bullshit to passive and docile stockholders.
See how big the announcement of buying Jaya was vs closing shipbuilding operations in October - they hardly trumpeted about that one.