Sea1 Offshore Q4 EBITDA For Current Fleet $35.4 Mln

Reuters

02-14

Feb 14 (Reuters) - Sea1 Offshore Inc ::
*EBITDA FOR THE CURRENT FLEET INCREASED TO USD 35.4 MILLION IN 4Q 2024, FROM USD 26.2 MILLION IN 4Q 2023 (ADJUSTED FOR THE 9 VESSELS SOLD IN JULY 2024)
*THE SEMI-RIG ACTIVITY IN AUSTRALIA WILL SEE A TEMPORARY DECREASE IN 2025
*THE SEMI-RIG COUNT ON THE NORWEGIAN SIDE OF THE NORTH SEA IS EXPECTED TO INCREASE IN 2025
*THE EXPECTATIONS FOR 2025 ARE FOR FURTHER GROWTH IN THE OSV MARKET AND INCREASED DEMAND.
*TIGHT SUPPLY IN CERTAIN VESSEL SEGMENTS WILL CONTINUE
*DEMAND IS EXPECTED TO INCREASE DURING 2025, CHALLENGE TO SECURE HIGH-END TONNAGE FOR CHARTERERS COULD BECOME AN INCREASING ISSUE

((Reuters Investor Briefs; email: reutersinvestor.briefs@thomsonreuters.com))
Source Date/Time = 14-FEB-202507:00:08.41 GMT

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