Stock DZ
09.11.2017 kl 09:59

the positive aspect is that utilization was 97%, up considerably from last quater 89%, knowing Q3 was hit by hurricane Harvey. it means Avance finds jobs for its vessels even in an oversupplied shipping market and natural disasters :)

this is from the report:

"Fleet utilization for the quarter was 97%, compared to 89% in Q2 2017 and a year-to-date utilization of 90%."

year to date fleet mobilisation 90% is up approx 5% from what DNB is forcasting for 2017