Phillip Capital said the offshore support vessel or OSV operator’s earnings should improve quarter-on-quarter in the third quarter of 2026 (3Q26), supported by higher vessel utilisation and increased chartered days. Keyfield noted that utilisation is expected to exceed 80%, compared with 69% in 2Q26.

Utilisation is expected to exceed 80%, compared with 69% in 2Q26, following the deployment of two vessels to the Middle East and the commencement of operations by Keyfield Joyful and an additional third-party anchor handling tug supply (AHTS) vessel in July and August respectively