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    More vessels need to laid up says Eidesvik

    Company News // May 13, 2016

    Eidesvik Offshore in Norway says the market remains "challenging" and it cannot see any short‐term improvement in it.

    "There is still too much over‐capacity in the markets Eidesvik operates in," said the company in its first quarter 2016 statements. "A combination of more vessels being laid up and retirement of older vessels is necessary to improve the earnings of the industry."

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