Mermaid Maritime bettered its third-quarter profit thanks to tighter cost control and steady revenue.
The Singapore-listed OSV player reported a $1.86m loss for the period, a 10.3% improvement from a year ago.
Total revenue came in at $30m, down 1.9% in great part due to the need to "trade-down its vessel rates to secure work," the company said.
Expenses totaled $33.5m
