Indian owners are anxiously awaiting the outcome of the first offshore support vessel tenders issued since the sector was hit by the oil price crash and the coronavirus pandemic.
The market in the subcontinent has been insulated to a large extent by contract cover, unlike the North Sea sector, which has been enduring horrendous spot rates since March.
Speaking on a conference call with analysts, Great Eastern Shipping chief financial officer G Shivakumar said the company had enjoyed a "reasonable level" of employment in 2019.
