Some one on here mentioned potential for $50M annual revenue for the MV VOS (Harvest) Shine. Which is $136k a day.. highly unlikely, as it's a Chinese built vessel with a patch job DP2 (dynamic positioning) retrofit / installation. By all accounts fairly Micky mouse. It's only had sporadic work, 20 days here and there, Cold stacked at one stage (zero crew onboard) Struggled to maintain position when working in Bass Straight. This vessel when compared to other options, in a time of vessel market surplus, seasoned operators will never even make $10-15M a year.
Concerning the satellite technology. If you've ever worked offshore, you'll understand when storms or thick clouds roll overhead you can't even get smile emails, let alone transmit data to a far away location for remote operations. I've seen and heard these pronouncements so many times, but it's the simple hinderances, such as nature that are hardest to overcome.
If satellite technology is what floats your boat, then investigate what EOS are actually working on and marketing right now, direct laser Ground Station to satellite links comms links.
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- Ann: Half-Year Financial Report 31 December 2020 and Appendix 4D
Ann: Half-Year Financial Report 31 December 2020 and Appendix 4D, page-81
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