Full utilisation in Gulf of MexicoNews // April 1, 2005
"Continuing last year's trend, rates have not risen at the anticipated pace, but owners will slowly try to improve their earnings through gradual rate adjustments. The construction market is as busy as ever, with most equipment being tied up till third or fourth quarter. A combination of delayed winter work and hurricane repairs has created such a backlog of work that US owners have gone to the yards to build the first US flagged subsea construction vessels."
Fearnleys said Mexico has had a quiet start to the year with only a few Pemex tender awards and acouple of direct awards, the latter for accommodation and tug services. However, charteringactivity is expected to pick up shortly with numerous tenders outstanding for a mix of boats, ranging from small tugs and medium sized anchor handlers to dynamically positioned straight supply vessels and fast crew boats.