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    ERRV vessel update

    News // November 8, 2002
    Offshore Shipbrokers Limited reports no significant change in rates although availability was tight for sometime due to the weather disrupting crew changes.

    Vessels still continue to be moved out of the sector and OSL has purchased and delivered two vessels on behalf of Middle East clients and expects more sales to be concluded in the coming months.

    TFE have awarded their outstanding contract to the BUE/Viking managed Sentinel type vessels ofSeatankers. Two vessels will be taken in support of the Dunbar / Alwyn Fields for a period of twoyears with commencement end of November. The rates are reported as being at the low end of themarket level which fits in with the owners' desire to tuck the vessels away.

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