Offshore Shipping Online

A publication for the offshore shipping industry published by Clarkson Research

  • Offshore Intelligence Monthly
  • Menu

    Seabrokers describes "jeopardy in June"

    Contracts, Tenders and Rates // August 2, 2002
    Seabrokers says "jeopardy was running amok in June" as the North Sea market slipped further.

    Seabrokers says the market has seen a fall in confidence and activity levels. "Rigs continue to congregate in Invergordon as operators continue to curtail exploration and development programmes", said the well known broker.

    "There are presently 10 rigs sitting in Invergordon, and this down turn is of course having an effect on the cargo, rig move and standby vessel markets, with an increase in availability in all sectors", said Seabrokers in its latest monthly report.

    More articles from this category

    More news