Bjorgulf Lea Jr of Uno Offshore tells TradeWinds WebTV the spike will soon be over.

“It will definitely not last for long. This is a spike that we see because of more charterers moving rigs at the same time and in the same weather window,” he said at the TradeWinds Offshore Marine forum in Oslo on Tuesday.

“There are still too many vessels in the North Sea to keep the rates continuing at a high level.