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OSV market-II: Companies struggle to survive
Aug 29: The website carries here an example of a leading global Onshore Vessel Supplier struggling to survive in the face of mounting losses.
8In a desperate attempt to stay afloat, it has been on a selling spree of all its non-core assets
8Then again, it has cut overheads by 40% and pruned its workforce by 50%
8It is now looking at tell tale signs of recovery in the market for deliverance
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