Japanese offshore vessel owner Modec is looking forward to a better-than-expected full-year profit as a couple of charter deals prove lucrative.
A higher tax bill is, however, also expected to undo much of the good work done by the floating storage production & offloading (FPSO) units working for large oil companies.
Tokyo-listed Modec had previously set its eye on full-year ordinary profit of JPY 3.2bn
