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    ERRV market in North Sea remains tight

    News // May 13, 2008

    Offshore Shipbrokers Ltd (OSL) says the ERRV market in the North Sea remains busy with the last month seeing a steady stream of term fixtures and requirements.

    "The spot market also remains busy, with numerous spot jobs having come to the market over the last few weeks fixing at rates between £12,500 and £18,500," said OSL in its latest monthly report on the market.

    "The situation doesn’t look like it will change much either
    with availability now looking extremely tight from June onwards for both the term and spot markets," said OSL.

     

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