PETALING JAYA: Sealink International Bhd
is on track to return to profitability this year on improved fleet utilisation and blended daily charter rates (DCR).
According to Hong Leong Investment Bank (HLIB) Research, Sealink’s blended fleet utilisation is expected to rise to above 68% this year from about 60% in 2023. This is driven by robust offshore development and maintenance activities amid an acute shortage of Malaysian-flagged offshore support vessels (OSVs).
