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    North Sea sport market still soft

    Contracts, Tenders and Rates // August 2, 2002
    The Stewart Group reports that during June, activity levels were very soft, which meant that market conditions became subdued with rate levels trading at their lowest this year. There was a verylow number of rig moves completed during June, which along with ample vessel availability has led to flat trading conditions.

    Despite the lack of enthusiasm in the market during June, activity levels were expected to increase throughout July and into August due to a large number of rig moves.

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