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Solstad performs major layoffs and idles vessels

Norwegian offshore carrier Solstad finds itself forced to fire hundreds of employees and idle ten offshore vessels more than planned due to the poor oil markets.

CEO i Solstad Lars Peder Solstad

Norwegian offshore carrier Solstad, whose competitors include Farstad Shipping, Danish Maersk Supply Service and Arabian Topaz Energy, is hit by massive consequences from the extremely challenging offshore markets.

The company's second quarter interim report informs that the carrier will lay off 300 employees and idle ten offshore supply vessels more than planned.

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