North Sea ERRV market quieterNews // March 10, 2008
Offshore Shipbrokers Ltd (OSL) says the ERRV market in the North Sea has been somewhat quieter of late, with much improved availability for charterers in recent weeks, mainly caused by a number of vessel options not being exercised.
"Looking ahead, availability during March and April looks reasonable but from May onwards things are beginning to look tight once again," said OSL.
"After initially being plagued by long delays BP’s jigsaw programme has now been up and running for several months with Regions 1 and 2 currently operating and Region 3 (Magnus) expected to go into operation around the end of April 08," said OSL.
"This means that all four of the RSV’s are finally undertaking their intended roles covering Jigsaw Regions 1, 2 & 3, with the 4th vessel being utilised for roving relief."
Vroon, now the North Sea’s largest ERRV operator, are also in the news once again this time ordering a further two ERRV’s of the IMT955L design which will be built in Spain. These vessels will be due for delivery in early and mid 2011 and are part of Vroon's ongoing fleet upgrade and renewal programme.