Offshore carriers lose Brazilian contracts

Siem Offshore, World Wide Supply and Ultrapetrol have all lost contracts with Brazilian Petrobas, which is replacing foreign ships with unemployed local vessels.

Photo: Siem Offshore

Norwegian companies Siem Offshore and World Wide Supply, together with Ultrapetrol, appear to be the latest victims of the Brazilian oil industry, in which state-owned oil company Petrobas is replacing foreign vessels with local unemployed offshore vessels.

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