A Nordic American Offshore (NAO) platform supply vessel (PSV) has been fixed for a year as rates jumped in the North Sea.

Brokers reported the 4,200-dwt NAO Power (built 2013) booked by Premier Oil, with two three-month options attached.

Spot rates have been as high as £12,000 ($15,000) per day this week as fleet utilisation rose to 91%, the highest number for more than a month.