The Singapore-listed offshore vessel owner and builder yesterdaydelivered a 5% rise in net earnings to $46m.
While the figure was boosted by the disposal of two vessels,the earnings were underpinned mainly by a buoyant charter segment.
Charter rates for the 12-month period averaged $13,624 perday compared to $10,485/day in the previous financial year thanks to exceptionallyhigh utilisation of 91%.
As a result of the higher than forecast numbers the company hasdeclared a final dividend of SGD 0.04
