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    North Sea supply vessel update

    Contracts, Tenders and Rates // February 15, 2002
    Offshore Shipbrokers Ltd (OSL) reports that December and January have been slow months on the spot market in the North Sea with charter rates at rock bottom level, however the usual early year activity is now coming into effect, with operators declaringoptions and issuing requirements to cover their forthcoming operations.

    There were numerous vessel movements during January with Stirling Capella and Vega being transferred to Boston Putford for use as supply / standby vessels on longterm charter to BP renamed Putford Protector and Putford Provider, respectively.

    Oil Traveller has returned to the market as a sublet for a couple of months before returning to exploration support in West Africa.

    There have been numerous departures too, with Atlantic Hawk returning to Canada, Northern Chaser to Trinidad, Boa King and Queen to Sarawak for a six month plus options contract with Murphy Oil.

    Boa Prince is heading for the Black Sea to tow a barge to the Caribbean.

    Marine Viking has redelivered to her owners reverting to her original name, De Jin, and has returned to China.

    Asso 24 has departed for the Mediterranean with Asso 22 about to leave for West Africa with the Sovereign Explorer in tow - she should return to the North Sea in April.

    Northern Admiral has been fixed to Stolt for subsea work and has her first assignment in the Gulf of Mexico.

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