Owners and operators of offshore support vessels (OSVs) everywhere have been hit hard by the downturn in the oil price, but in Brazil, this has been made worse by the situation in the country, and no-one seems to be suffering quite as much as Norwegian shipping companies plying their trade there. According to figures from the Brazilian Association of Offshore Support Vessel Operators (ABEAM), the number of OSVs operated by Norwegian owners has fallen by more than 40 per cent since 2013, from 81 OSVs down to 48 as of October 2016, with more departures expected.
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