Anchor handling rates falling

Nor-Ocean Offshore reports that North Sea AHTS spot rates have fallen a little of late. “Following some weeks with rates at a healthy level, the spot softened last week. Average rates US$23k (62k) with US$112k (16k) seen on Norwegian side and US$26k (50k) on UK side,” said the broker. “Availability in the AHTS spot is currently high, with four vessels available on Norwegian side and a further 20 vessels available on UK side (utilization 65 per cent).”

However, the broker said it remained “bullish” on the AHTS market going into the summer season. “Limited supply growth and increasing rig activity and projects such as the Kara Sea campaign implies that the stars are likely to be aligned for owners of AHTS tonnage this summer,” it said. The key risk, said Nor-Ocean, is further sanctions against Russia, which potentially could hit Exxon/Rosneft’s Kara Sea campaign which is expected to absorb six large vessels from early June. Source : Offshore Shipping Online

About allatsea

Sixty year old master-mariner. Absolutely gorgeous. Well wedged.....when compared to a Nairobi street urchin. Sorted, in that I haven't been in court recently. Hopelessly optimistic, terminally disappointed. Good with cats and other fluffy things. No musical talent. Generous to a fault provided it's someone else's round. Political centreist with far right and left viewpoints. A green activist from the hydrocarbon position with nuclear leanings. Averse to avarice but always happy to receive lottery wins, gifts, windfalls, legacies, prizes and wet sloppy kisses.
This entry was posted in Maritime and tagged . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s