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    ERRV market remains extremely tight, says broker

    News // April 29, 2005
    Offshore Shipbrokers Limited (OSL) reports that the ERRV market in the North Sea remains "extremely tight" with most UK owners having only occasional spot availability for a few weeks at a time.OSL also said the term market is equally as busy with charterers now finding it difficult to secure suitable vessels to cover requirements."Spot and Term rates will therefore continue to creep upwards as availability remains extremely tight and with the rig market virtually sold out for the rest of the year it looks like this situation will last for several months more," said OSL.

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