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    Support vessel market "steaming ahead" says Fearnleys

    News // April 29, 2005
    The offshore support vessel market is "steaming ahead," according to shipbroker Fearnleys Offshore Supply."We have in the North Sea experienced a minor adjustment in the tempo, which is reflected in slightly lower rates in the spot market during the 1st half of April. We see this as a temporary 'technical reaction,'" said Fearnleys, noting that spot charterrates during first quarter were "volatile" at times.However, as Fearnleys also noted in its latest market report, fixing continues to be busy, and existing charters are quietly being extended, all of which are signs of a healthy market.

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