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Offshore rig and vessel market in India: Still very unprofitable
Jul 08: One of India's largest offshore rig and vessel suppliers has admitted that the Indian market continues to remain slippery
8The charter rates for both vessels and rigs haven’t yet recovered to profitable levels.
8The utilization of rigs and vessels did take a knock but much less than what was feared but they remained far lower than what is necessary for asset owners to start making a way out of this deep and long depression.
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