August saw sharp rise in rates for AHTS
Broker Seabrokers reports that owners of AHTS vessels which are plying their trade inthe North Sea spot market finally have reason to be cheerful, with rates flying north in the second half of August.
“This year had been forecast by many to follow a similar trend as 2013, with spot rates expected to increase significantly over the traditionally busy summer months,” said Seabrokers.
“However, owners have been left disappointed so far this year, with spot AHTS rates trailing 2013 levels by some distance for most of the year.“Until this month that is. Availability of vessels with ROVs was already tight in theearly stages of August, but as the month progressed, this spread throughout the whole sector.
“With a host of rig moves being planned in quick succession, it wasn’t long before there were no vessels left prompt available at all. This tightness resulted in fixtures being recorded as high as £180,000-190,000, with some vessels even being offeredat rates north of £200,000 per day.
“Average spot rates for small AHTS vessels (< 18,000 bhp) were £68,689 for the month while average rates for large vessels (> 18,000 bhp) were £73,541, considerably higher than the comparable figures of £24,745 and £26,269 recorded in 2013.”Source: Oil Pubs
Broker Seabrokers reports that owners of AHTS vessels which are plying their trade inthe North Sea spot market finally have reason to be cheerful, with rates flying north in the second half of August.
“This year had been forecast by many to follow a similar trend as 2013, with spot rates expected to increase significantly over the traditionally busy summer months,” said Seabrokers.
“However, owners have been left disappointed so far this year, with spot AHTS rates trailing 2013 levels by some distance for most of the year.“Until this month that is. Availability of vessels with ROVs was already tight in theearly stages of August, but as the month progressed, this spread throughout the whole sector.
“With a host of rig moves being planned in quick succession, it wasn’t long before there were no vessels left prompt available at all. This tightness resulted in fixtures being recorded as high as £180,000-190,000, with some vessels even being offeredat rates north of £200,000 per day.
“Average spot rates for small AHTS vessels (< 18,000 bhp) were £68,689 for the month while average rates for large vessels (> 18,000 bhp) were £73,541, considerably higher than the comparable figures of £24,745 and £26,269 recorded in 2013.”Source: Oil Pubs