Oil and gas company confident of positive outlook on tightening vessel supply

Higher utilisation: File picture shows an anchor handling vessel. Perdana said the group’s vessel utilisation level rose to 91% in the third quarter.

KUCHING: Marine vessel charterer Perdana Petroleum Bhd sees the tightening of vessel supply in the market to yield stronger charter rates.

This, said the company, would further boost its financial performance which has already benefited from increased utilisation rate of its fleet of vessels. “We remain hopeful of winning some longer term contracts with certain oil majors to ensure a clearer earnings visibility,” it added.