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    ERRV market still tight says broker

    News // August 23, 2006

    The ERRV market in the North Sea remained tight during July, with charterers facing a continued struggle to secure tonnage for both spot and term requirements.

    As broker Offshore Shipbrokers Ltd (OSL) reports, owners Nomis have capitalised upon this with their recently purchased Dea Patrol (ex Estay Tide) being fixed onto a long term contract with Petrocanada straight from yard.

    "Both term and spot rate levels continue to be buoyant with owners virtually able to name their price for short term / short notice requirements, it is rumoured that BP recently had to pay 22,500 per day for such a job," said OSL.

    BP meantime continue to face ongoing delays with their Jigsaw programme - the commencement of the project has now slipped back until November 2006.

     

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