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    North Sea spot market picks up briefly

    Contracts, Tenders and Rates // February 14, 2003
    Offshore Shipbrokers Ltd (OSL) reports that the North Sea spot market became "fairly busy" briefly in mid-February with seven vessels being fixed by Statoil to cover the rig moves of the Borgland Dolphin and the Deep Sea Bergen. Rates for these vessels ranged from 5,500 up to 9,500 for the larger AHTS.

    "Availability for AHTS in Aberdeen is still however fairly good at the moment," said OSL, "but with Pertra now out for the rig move of the Maersk Gallant and further rig moves expected possibly by this weekend we expect to see the AHTS market tighten andrates beginning to rise."

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