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    North Sea supply vessel update

    News // August 24, 2001
    Offshore Shipbrokers in Aberdeen says that Shell has met its requirement for two PSVs out of Lowestoft by awarding the contract to District Offshore (DOF).

    To fulfil the contract, DOF has purchased Olympic Offshore's newbuilding UT755 whilst the newbuilding UT755 for Ugelstad has been taken on a bareboat charter.

    The average charter rate is in the region of 7,700 whilst the BB rate for the Ugelstad vessel is being suggested at NOK 55,000 level.

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