North Sea spot market "reasonably busy" says OSLNews // September 17, 2004
"Looking at things in more detail we saw the start of July being reasonably healthy with PSV rates around the £8,000 level and AHTS rates around the £11,000 level. As the month progressed however we saw rate levels dropping with £5,000 - £7,000 being thenorm," said the company. "By then end of the month fixtures at £4,000 were by now not uncommon for both cargo runs and rig moves. August didn't get off to much of a better start with rates around the £4,000-£7,000 level being the norm right up until circa the 20th of the month where we started to see a rapid recovery with fixtures being concluded at the £10,000 - £12,000 levels. By the 25th however rates for AHTS peaked at the £25,000 level with a number of fixtures being reported in the high teens andlow twenties."
"PSVs were also fetching good rates for owners with £12,000 - £13,000 now being common place. This upturn lasted into early September with rates for PSVs remaining around the £11,000 level however AHTS rates didn't fare quite as well dropping to similarlevels seen for PSVs."