Singapore
THREE leading offshore support vessel owner-operators have downsized operations out of Singapore, in light of depressed contracting activity and charter day rates in South-east Asia.
The Business Times understands that Deep Sea Supply (DSS) and Tidewater have slashed their headcounts, and that GulfMark is looking to trim its fleet in South-east Asia.
DSS, the offshore support vessel (OSV)-focused business of Norwegian tycoon John Fredriksen's shipping empire, has halved its staff strength...