Operations are now focused on Egypt to capitalise on the Maridive's presence as the leading Egyptian oil and gas service provider. -  Latin America remains the company's main destination for its vessels. -  Contracts are being revised as some E&P producers have been hit by lower oil prices. Daily rates are under pressure and currently average c16,000/day. -  c40% of Egyptian contracts are being paid in EGP, while the contract value is set in USD. Company is matching EGP receipts with EGP costs. -  The company continues to scrap its old vessel portfolio as contracts expire. (Company, Yousef Husseini, Ahmed Hazem Maher)