Taking comfort in Fundamentals, page-54

Thanks for the article yanksrule.

There's investment in offshore in other parts of the world too:

UAE - spending $25billion in the next 5 years (http://www.reuters.com/article/2015/04/21/us-emirates-abudhabi-oil-idUSKBN0NC0O720150421)

Myanmar - potential for the future (http://oilprice.com/Latest-Energy-News/World-News/Myanmar-The-Next-Frontier-For-Offshore-Oil.html)

Mozambique - total of $12 billion in offshore development (http://articles.economictimes.india...103185_1_golfinho-oil-india-ltd-rovuma-area-1)

Regardless of location, any increase in offshore activity is positive for MMA as it increases the general demand for OSVs.

Note that I've read of number of projects being shelved as a result of the falling oil price - hopefully with the recent recovery they'll be viable.