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Age no barrier

An ageing PSV stole the show Wednesday in a tight North Sea spot market.

BP booked the 2,642-dwt Ocean Mainport (built 1976) for a single cargo run at £21,500 daily.

The same sum of money could have got BP three VLCCs in the present tanker market.

Anchor handler rates remain firm with ConocoPhillips taking the 250-tbp Far Shogun (built 2010) to replace the 158-tbp Viking Troll (built 2000) on the Maersk Innovator rig move.

Brokers place a rate of NOK 225,000 (£23,571) daily on the fixture.

Exxon is fresh to the market with a rig move but has yet to fix any vessels.

Halliburton has hired the Viking Troll for a cargo run plus options on private and confidential terms.

Published: 15:51 GMT, 01 Sep 10 | updated: 15:51 GMT, 01 Sep 10
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