Offshore companies struggling

AUSTRALIA'S MMA Offshore is not alone in feeling the pain of weak demand for services in the oil patch with Maersk Supply Service set to sell up to 20 vessels in an already crowded marketplace and sack around 400 workers.

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Maersk is reducing its fleet by up to 20 of its 56 vessels over the next 18 months in response to vessels in lay-up, limited trading opportunities and the global over-supply of offshore supply vessels

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