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    ERRV market tightening, says broker

    News // April 11, 2003
    Offshore Shipbrokers Ltd (OSL) says the market for ERRVs in the North Sea has picked up a little of late, with increased activity and tight market conditions.

    "Most owners" are currently "sold out," said OSL, BUE seem to be the only company that may have immediate tonnage available for long term work.

    Some owners have struggled to find tonnage for relief work whilst North Star are looking to charterin tonnage to cover their commitments in Ireland.

    Accordingly rates have generally moved above the 3,500 level for short term employment andtowards the 5,000 level for spot.

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