Brief: Sea1 Offshore Q4 EBITDA For Current Fleet $35.4 Mln

Sea1 Offshore

14/02/2025 07:11

Feb 14 (Reuters) - Sea1 Offshore Inc  SEA1.OL :
    * EBITDA FOR THE CURRENT FLEET INCREASED TO USD 35.4 MILLION
IN 4Q
2024, FROM USD 26.2 MILLION IN 4Q  2023  (ADJUSTED FOR THE 9
VESSELS SOLD IN JULY 2024)
    * THE SEMI-RIG ACTIVITY IN AUSTRALIA WILL SEE A TEMPORARY
DECREASE
IN 2025
    * THE SEMI-RIG COUNT ON THE NORWEGIAN SIDE OF THE NORTH SEA
IS
EXPECTED TO INCREASE IN 2025
    * THE EXPECTATIONS FOR 2025 ARE FOR FURTHER GROWTH IN THE
OSV
MARKET AND INCREASED DEMAND.
    * TIGHT SUPPLY IN CERTAIN  VESSEL SEGMENTS WILL CONTINUE
    * DEMAND IS EXPECTED TO INCREASE DURING 2025,  CHALLENGE TO
SECURE
HIGH-END TONNAGE FOR CHARTERERS COULD BECOME AN INCREASING ISSUE

Source text:  ID:nObiPvyWRa 
Further company coverage:  SEA1.OL 

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