North Sea spot market off to a slow start, says brokerContracts, Tenders and Rates // January 9, 2004
"There are currently a large number or both AHTS and PSVs available in Aberdeen and rates are reflecting this with recent fixtures being in the £3,000-£3,500 region," noted OSL early in the first week of 2004.
OSL also noted that DOF BOA ASA (a 50/BOA joint venture between DOF and BOA) has completed the purchase of the Boa Giant and the Boa Hercules with the vessels now being re-named the Skandi PMS I and Skandi PMS II.
The vessels are now leaving the North Sea to undertake an 18 month contract with PMS/Burullus in Egypt, said OSL. The Boa King has also been time chartered from BOA to DOF for a four month period to cover the third PMS/Burullus vessel requirement. This vessel is believed to be acting as a front runner for the Skandi Mogster which will then complete the remaining duration of the 18 months charter.