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Opportunities in a Downturn
During the downturn, a number of smaller vessel owners capitalised on depressed asset prices, acquiring laid-up or distressed offshore support vessels and reactivating them for work across Southeast Asia and the Middle East. Several Singapore-based companies, including Eastern Navigation, purchased high-quality vessels at competitive valuations, positioning themselves to benefit as the market recovered.
Read the original article at https://www.rivieramm.com/news-content-hub/news-content-hub/smaller-osv-owners-go-bargain-hunting-56568
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