Trico takes charge on order cancellation

Rajesh Joshi - Thursday 31 December 2009

TRICO Marine Services has indicated it will take a $110m-$130m charge in its fourth quarter accounts to reflect cancellation of a quartet of newbuildings ordered in India, and that this would reduce the amount available to the firm under a credit facility.
The Nasdaq-listed offshore operator said it had succeeded in amending a $50m credit facility ...

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