Hermitage Offshore Services Ltd. Announces Information on its Second Quarter 2019 Earnings Release and Dayrate Guidance
Hermitage Offshore Services Ltd. Ordinary Shares (Bermuda) (PSV)
Company Research
Source: GlobeNewswire
HAMILTON, Bermuda, Aug. 08, 2019 (GLOBE NEWSWIRE) -- Hermitage Offshore Services Ltd. (the “Company”) announced today that it expects to release its second quarter 2019 earnings on August 29, 2019 as the Company finalizes the accounting for the acquisition of assets from Scorpio Offshore Holding Inc., or SOHI, (a related party affiliate), which closed in April 2019. Dayrate Guidance Following the Company’s April 2019 acquisition of two anchor handling tug supply vessels, or AHTS vessels, and 11 crew boats from SOHI, the Company’s estimated average effective dayrates earned in the second quarter of 2019 are as follows*: 10 PSVs (primarily operating in the North Sea) – an average effective dayrate of approximately $11,600. There were three PSVs in warm lay-up during the second quarter of 2019 for a total of 45 days. These days are not considered as part of the available days. Two AHTS vessels (primarily operating in West Africa) - an average effective dayrate of approximately $5
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