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    North Sea market update

    Contracts, Tenders and Rates // November 30, 2001
    Offshore Shipbrokers in Aberdeen reports that the spot market in the North Sea is still 'ticking over', with rates for recent AHTS rig move ranging from 21,000 to 28,000.

    Recent fixtures include Team fixing Dea Trader & Dea Hunter for FPSO assist at rates believed to be just over 6,000.

    On the term market, Offshore Shipbrokers says that Phillips Australia has fixed three PSVs to support construction of the Baya-Undan pipeline north of Darwin. The vessels are believed to be UT755 Bennett Tide, ME202 Far Scotsman and Seacor's Smit Lloyd Safe, with the period being a minimum two years.

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