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Large PSV market 'in danger due to oversupply'

Other two markets in offshore sector better balanced: Jaccar CEO

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Jacques de Chateauvieux, chairman and chief executive of the European-based maritime group Jaccar Holdings - PHOTO: SPH

THE market for large platform supply vessels (PSVs) operating in the deep-sea segment may be running into trouble due to oversupply - a situation that could tamp down utilisation and charter rates in the near to mid-term.

Jacques de Chateauvieux, chairman and chief executive of the...

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