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    PSV layups continue but AHTS market a little brighter

    News // June 4, 2015

    Seabrokers says the PSV market is "continuing to prove troublesome" for vessel owners in the North Sea but the AHTS market has been a little better.

    The  broker said the majority of spot fixtures are coming in with rates of just £2,000 - 4,000, prompting many owners to remove tonnage from the market via layups.

    There are now more than 20 North Sea PSVs laid up, with more to follow in the coming weeks.

    The list of owners who have either laid up PSVs already, or who are preparing to lay up vessels, includes Atlantic Offshore, Blue Ship Invest, Bourbon Offshore, COG Offshore, Deep Ocean, Deep Sea Supply, DOF, Eidesvik, Farstad, GulfMark, Island Offshore, Rem Offshore, Simon Møkster Shipping, Solstad Offshore, Ultrapetrol, Vestland
    and World Wide Supply.

    "On a brighter note for North Sea owners, conditions within the AHTS market have been considerably better this month," said Seabrokers, "with a number of rig moves hitting the market in quick succession.

    "This has left the market much tighter than it has been in previous months, with very few vessels available for charterers to choose from, especially those seeking a vessel with an ROV. This has allowed some owners to push rates up into the high £20,000s and £30,000s."



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