OSV demand in the region continued to pick up slightly last month, indicating early signs of a slow market recovery. The increased term activity in the Middle East was driven by the start of several charters that were delayed due to crew change restrictions imposed in March. In September, a total of 324 vessels were fixed on term contracts, an increase of five vessels given the resumption of vessel mobilisations after key ports in the Gulf reopened for crew changes. Most of these contract commencements were long-term commitments for Saudi Aramco which faced operational delays, mainly due to extended quarantine period and complexities in visa applications for the new crew.
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