But it is interesting to think about why CH Offshore is having problem with their receivables. That is charterer rate, contract and cyclical nature of the industry. An offshore vessel has a lifespan of about 25 years. Offshore industry has a long cycle which mean each vessel has the chance of securing one cycle of good charter rate, I think ......
CH Offshore is an offshore shipping stock that I wrote about paying a good dividend on a good payout ratio. A blogger just highlight a potential bugbear for the stock.
My original report on CH Offshore can be viewed here. Addition to that report is that 2 of the 12bhp AHTS vessels were not renewed and if they are renewed they might not be at a good rate.
This week, Donmihaihai over at I’ll do it myself highlighted what reader Freedom brought up on the high accumulated trade receivables:
