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    Supply vessel charters concluded

    Contracts, Tenders and Rates // June 15, 2001
    Offshore Shipbrokers in Aberdeen reports that several outstanding period charters have been concluded this month.

    Eidesvik in a joint venture with Mokster Shipping has been awarded the Statoil contract for five years. The company will build two vessels of the VS404 design each with a deadweight of 4,000t and 1,000m2 deck.

    TotalFinaElf have covered their PSV with the newbuilding UT755 Troms Falken for a period of sixteen months with delivery ex-yard in September, whilst ASCo have taken the Waveney Castle for three years in direct continuation of the current contract with BP Brazil.

    Swire have cleaned up with Mobil Equatorial Guinea in that they have fixed the Pacific Buccaneer for one year in direct continuation of the current contract, Pacific Supplier for two years with the vessel mobilising from the Far East, Pacific Barbarian for six months plus options with the vessel mobilising from the North Sea during June.

    In addition the newbuilding Pacific Warrior has been fixed for four years with delivery ex yard mid 2002.

    Supply and demand has been fairly balanced during the last 4-5 weeks with rates not reaching the high peaks that some expected - 25,000 being the highest reported rate for a rig move. July is expected to see rates increase dramatically when jobs such asthe Maureen decommissioning are in full swing.

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