North Sea AHTS rates diverge - broker optimistic about 2014

News - December 3, 2013

| More

Broker Nor-Ocean Offshore says AHTS spot rates were at a level of US$46k last week (the last week of November), down from US$54k, with average on Norwegian side US$75k (57k) sharply above the UK average at US$24k (38k).

"The AHTS spot market has, as expected, entered the winter season over the last couple of weeks," said the broker. "Rates have however diverged, with relatively
decent rates seen for high-spec vessels on Norwegian side – with for example a fixture at NKr 500k (US$82k) - but more moderate rate levels seen for lower-spec’d vessels on the UK side.

"The market is currently on the soft on UK side and more firm on Norwegian side," said the broker.

"We remain bullish on the AHTS market going into 2014 – based on solid fundamentals. Several factors such as a reduced spot fleet, a limited newbuild orderbook, Petrobras likely to pick up capacity, increasing rig activity and projects such as Exxon’s Kara Sea campaign implies that the stars are likely to be aligned for owners of AHTS tonnage next year."

 

More articles from this category

More news

Categories

Product Guide

News Letter

Fill in your name, company and e-mail address below for our bi-weekly newsletter.

Subscribe
Unsubscribe

Clarksons

Powered by MARIS.

Subscribe to Offshore Shipping News Online RSS

Follow Offshore Shipping News Online on Twitter

Subscribe to email updates

Sponsors

sponsorsponsorsponsor

Events

GEO India 2015
12-14 January 2015
India, New Delhi.

Fibre Rope for Subsea Construction
21-22 January 2015
United kingdom, London.

Raffles Convention Centre, Singapore
27-29 January 2015
Singapore, Singapore.

OSV Chartering Contract Management Middle East
09-10 February 2015
United arab emirates, Dubai.

Annual Offshore Support Journal Conference/Awards/Exhibition
17-19 February 2015
United kingdom, London.

More events