My Concerns, page-4

I think youre being a bit too harsh on the jaya deal. Terrible timing and destruction of shareholder value true. But they have the youngest fleet in the region and with newer and better vessels they will be favoured by the oil companies. Utilisation wont go to 50% because of that, but charter rates will be hit. Currently at 5% lower but will be at 10% if oil stays at $50 in 2016