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    ERRV market likely to remain tight, says broker

    Contracts, Tenders and Rates // November 21, 2003
    Offshore Shipbrokers Ltd in Aberdeen says the ERRV market in the North Sea "continued to be tight" during October with rates for short term fixturesremaining around the 4000-5000 level with occasional higher rates being seen in excess of 7000.

    "The market looks to continue tight right through to the end of November however due to a number of vessels coming free from term contracts we expect to see things slacken from this point onwards," said the company in its latest monthly report.

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