Norway’s Standard Supply has clinched a period charter for a platform supply vessel that illustrates the continuing recovery in offshore shipping rates.

The Oslo-listed company, backed by investor Oystein Stray Spetalen, said the 5,150-dwt Standard Supplier (built 2007) has been fixed for between seven and 10 weeks supporting a European energy company.

The deal starts in mid-August at a rate of about €30,000 ($30,300) per day.