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    Disappointing quarter for crew boat sector, says Marcon

    Contracts, Tenders and Rates // January 9, 2004
    US-based shipbroker Marcon International says the end of 2003 was "another disappointing quarter" for owners and operators of crew/utility and supply boats in the US Gulf.

    In its most recent report on the market, Marcon said demand for crew boats has been relatively flat with little appreciable movement up or down since its last report.

    "The lacklustre quarter does not bode well for the start of 2004," said the company. "Even with fairly good supplies on hand and average to mild temperatures in most of the country so far Natural Gas Prices have spiked suddenly for no apparent reason."

    Marcon said it believes geopolitical forces are driving the market place now, rather traditional supply and demand factors. "We are however sensing what appears to be a general rise in activity level, across the board, and feel optimistic that 2004 willbe slightly better than 2003, if for no other reason than the last half of 2003 was much more active than the first half," said Marcon.

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