Offshore Shipping Online

A publication for the offshore shipping industry published by Clarkson Research

  • Offshore Intelligence Monthly
  • Menu

    Standby vessel market to remain tight says broker

    News // October 29, 2004
    The North Sea Standby market remained very tight during September and looks to remain that way through to 2005, according to brokers The Stewart Group.

    In its latest monthly report, the company said it appears that owners are very optimistic about market conditions for 2005, so much so that one or two of them are bringing tonnage out of lay up.

    "The term market witnessed a few fresh requirements all commencing at the start of next year. Tullow Oil Plc chartered a Boston Putford vessel to be named for two wells firm to support the Noble R Hoope in the Southern sector.

    Elsewhere Statoil chartered the Stril Clipper for two months plus options," said Stewart Group.

    More articles from this category

    More news