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    ERRV market remains tight, says broker

    News // October 15, 2004
    Offshore Shipbrokers Ltd (OSL) says the ERRV market in the North Sea remains tight on both spot and term availability.

    "The situation is now looking to remain this way into next year as oil companies announce busy drilling programs which will of course require ERRV support. There are however a number of newbuilds due for delivery next year but given that many older vessels have gone to lay up or been scrapped this won't have much of an effect on the overall fleet size," said OSL.

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