Indian offshore support vessel (OSV) owner Greatship is still standing in the oil and gas slump due to its vessel contract cover, its bosses believe.
The subsidiary company of parent outfit Great Eastern Shipping has locked in a "very large" part of its fleet on term deals, it said, giving it revenue visibility of almost INR 10bn ($135m).
Great Eastern chief financial officer G Shivakumar told a conference call with analysts: "Greatship has moved into defensive and consolidation mode.
