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    North Sea market "more buoyant"; rates could rise at last

    Contracts, Tenders and Rates // July 19, 2002
    Despite a few vessels being available in Aberdeen we expect the marketIn its daily report of 18th July, Offshore Shipbrokers Ltd noted that it expected the market in the North Sea "to remain buoyant" as there are a number of outstanding requirements.

    Recent fixtures include the Havila Trader to Agip at 6,750 whilst the Pacific Banner fixed to Shell for general duties at a rate believed to be in the 'low-teens'.

    OSL said it anticipated a number of requirements will continue to be placed on the market over the weekend and into next week, hence rates look likely to stay at current levels, or increase.

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