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    Broker says North Sea market showing signs of picking up

    News // April 11, 2003
    Shipbrokers The Stewart Group says the market in the North Sea has "picked up significantly" in the last few weeks.

    A spokesperson for the company said standby rates are up due to a consolidating owner group and vessel sales, and PSV rates are up on rising activity.

    Five rigs due to leave Invergordon, shortly, noted the company, and AHTS rates are up on rising activity.

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