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Singapore offshore support vessel sector bleeds more jobs

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...

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