Rem Offshore sees challenging market for some time

摘要

Rem Offshore in Norway says the North Sea spot market was weak in the second quarter, especially in the platform supply vessel (PSV) segment. It said anchor-handling tug/ supply (AHTS) vessel rates were "acceptable at times" but very variable. "PSV rates are well below operating expenses," said the company, noting that there is still what it described as a "satisfactory" level of activity in the subsea segment, but here too, activity levels are in decline. "The offshore market in general is expected to remain challenging for some time," said Rem Offshore in its second-quarter results. Rem Offshore said the group's contract coverage for the rest of 2015 stands at around 62 per cent (66 per cent including options). Rem has laid up two PSVs until market conditions improve.