Dubai's Topaz Energy and Marine has reactivated seven vessels as tendering activity remained strong in Africa and the Middle East.
Five OSVs were removed from layup in the MENA region and two in Africa during the third quarter.
CEO Rene Kofod-Olsen added: “The outlook in both regions remains very challenging.
"However, on the back of strong tendering activities, we have reactivated five vessels in MENA and two in Africa during the period, thereby bringing down the total tally of vessels in layup from 12 to five."
