Icon Offshore sees better financial performance in FY22

KUALA LUMPUR: Offshore support outfit Icon Offshore Bhd expects to chart a better financial performance for the year ending Dec 31, 2022 (FY2022) on the back of higher demand for its services as well as the uptick in the daily charter rate (DCR).

Managing director Datuk Seri Hadian Hashim said the company has also improved the utilisation rate of its offshore support vessels (OSVs) and jack-up drilling rig to 90 per cent last year from 72 per cent in 2019.