VESSEL DEMAND

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MARKET NEWS &

ANALYSIS

VESSEL DAYRATE

CHARTS

RIG NEWS

BRAEMAR SEASCOPE OFFSHORE

MONTHLY MAGAZINE

April 2011 ISSUE: 46

©Braemar Seascope Offshore

Picture: Siem Ruby taken by R. Finlayson

Welcome to the second edition of the

new look Braemar Seascope Offshore

North Sea Vessel Report. This month’s

edition contains the usual popular mix

of vessel news and market details as

well as a number of additional charts

and figures. We have also incorporated

a number of hyperlinks to associated

sources of information, specifications

and background reading on certain fea-

tures, stories and vessels.

The market has been moving apace and

to provide readers with in-depth back-

ground as international affairs dramati-

cally affect the oil price and the budget

throws up a surprise tax hike for oil and

gas production in the North Sea we will

provide links to the most pertinent

sources. For example, Reuters recent oil

price report predicting USD 130 oil in

late 2011 and possible peaks of USD 150

or Oil & Gas UK’s latest stance on the

North Sea tax increase. Where we can

we will seek to take readers straight to

the source of important industry devel-

opments such as the conclusion of

DNV’s Deepwater Horizon investigation.

We hope you enjoy the additions to

your report and look forward to hearing

your feedback, comments and sugges-

tions that will help to improve the expe-

rience of all of our readers further.

Sean Bate

Market Analysis Manager

News

you can

use

We are always striving

to continually tailor our

reports to our changing

clients demands and

keep ahead of the shift-

ing requirements of the

industry. As part of this

process in this month’s

report we are pleased

to introduce a series of

additional hyperlinks

where further infor-

mation can be found

relating to articles and

vessels. We are confi-

dent you will find these

additional sources of

background reading a

useful addition. Click here to leave Feedback

Click Here to go to

Online Version

T he North Sea Vessel market has changed rap-

idly over the past few weeks both in terms of

PSV and AHTS fixtures. There has been a flurry

of fixing on the medium and long term mar-

kets. Looking forward reduced availability of AHTS ves-

sels is expected in the coming quarter which could lead

to a much more heated period in terms of rates.

The departure overseas of a number of vessels with at

least half a dozen vessels heading to Brazil and Cairn

taking around a total of ten boats for Greenland work

out of the pool is leading to pressure on the supply side.

From May 2011 onwards it looks as though the spot

AHTS fleet could be down to around 39 vessels com-

pared to 50 AHTS vessels trading the North Sea spot

market in October last year. With the usual seasonal

increase in rig utilisation and a series of one-off special-

ised projects including the Skarv FPSO and Gryphon

FPSO work seeing additional demand for high specifica-

tion AHTS tonnage. However, on the flip side new ton-

nage including the Siem Amethyst and the KL Saltfjord

are expected to join the spot market shortly.

PSV demand is also picking up as the seasonal nature of

the market begins to kick-in and the number of medium

and long-term PSV requirements that are outstanding

has not decreased. The trend of dayrates for PSVs to

rise to above the GBP 9,000 level and stay at those lev-

els through to August can be expected to continue.

With nine PSVs expected to depart the North Sea in

April, ten in May and a further couple already sched-

uled to head-off in June the availability of boats is tight-

ening somewhat.

Despite the low rates in the spot market for PSV's dur-

ing early March, the increased rates for the medium

term work has seen returning confidence for Owners.

The market has tightened on both the PSV and AHTS

front and with vessels continuing to be chartered on

medium and long term business the prospects are that

April will continue in the same pattern. The current

outstanding requirements indicate that availability will

decrease and rates will rise as we head into the next

few months.

TightensTightens

©Copyright Braemar Seascope Offshore 2011

Spot MarketSpot MarketSpot Market

Market CommentaryMarket CommentaryMarket Commentary

BELOW: PSVs in

Aberdeen Harbour.

RIGHT: Firefighting tests

on Maersk Nomad off

Aberdeen Bay.

T here has been a lot of flux in the market since

the start of March with a number of new ves-

sels arriving on the spot market and a series of

long-term fixtures both in the North Sea and

internationally taking a significant number of boats out

of the potential spot pool.

Among those vessels arriving on the market is the Sea

Lion (pictured below) which has been carrying out work

in the Mediterranean. The Havyard 842 designed AHTS

secured a rig move within days of arriving in the North

Sea. Since the start of March the UOS Atlantis, Maersk

Dispatcher and Tor Viking have also joined the North

Sea spot market. Newbuilds KL Saltfjord and Siem Ame-

thyst will also be available for work in the next month.

On the PSV side there have been a number of new arri-

vals too. The recently built vessels KL Brofjord, Rem

Supplier and Vos Premier are now on the North Sea

spot market. These have also been joined by the

Malaviya 20, Boa Fortune (out of lay up), Sophie Siem,

Highland Bugler, North Stream and the Skandi Sotra.

Among these vessels the KL Brofjord, North Stream and

Skandi Sotra have large deck areas of over 800 square

metres with the first two also having DP2.

The past few weeks have also seen the departure of

eight AHTS vessels and ten PSVs from the North Sea

spot market. A number of vessels have been fixed over-

seas including work in Brazil and the Black Sea. A num-

ber of others have been fixed on long-tem charters that

will see them working away from the spot market for

the foreseeable future.

Vessels including the Northern Queen, Ocean Spirit,

Sartor and Boa Magnitor remain in lay up.

Sea Lion

Design: Havyard 842

Built: October 2008

BHP: 17,520

Max Deck: 520 square metres

DP: 2

Fuel Oil: 1,100m³

Drill Water: 1,200m³ (approx.)

Pot Water: 725m³ (approx.)

Mud/Brine: 545m³

Full Spec: Click Here

SPEC BOX

Sea LionSea LionSea Lion

New ArrivalsNew ArrivalsNew Arrivals

AHTS Arrivals on North Sea Spot MarketAHTS Arrivals on North Sea Spot MarketAHTS Arrivals on North Sea Spot Market

Arrivals & DeparturesArrivals & DeparturesArrivals & Departures

UOS ATLANTIS (DPII) 2009 / Moss 424 / 200 t Previous: EDT Egypt Mediterranean

SEA LION (DP II) 2008 / Havyard 842 / 202 t Previous: Mediterranean

TOR VIKING (DP II) 2000 / MOSS808 / 202 t Previous: MMT

SEA BEAR 1999 / KMAR404 / 173 t Region: Mediterranean

SKANDI SKOLTEN (DP II) 2010 / Aker AH04 CD / 350 t Region Gulf of Mexico

ISLAND VALIANT (DP II) 2007 / UT787 CD / 230 t Charterer: AGR Subsea

MAERSK LASER (DP II) 2010 / Own / 250 t Charterer: Schiehallion FPSO

OLYMPIC OCTOPUS (DP II) 2006 / UT712 L / 186 t Charterer: Petrobras Brazil

MAERSK LIFTER (DP II) 2009 / Own / 250 t Charterer: BP

PSV DeparturesPSV DeparturesPSV Departures

SBS TORRENT (DP I) 2007 / VS470 MKII / 710m2 Charterer: Venture

NORMAND MERMAID (DPII) 2002 / UP103 / 765 m2 Charterer: Fluor

HAVILA AURORA 2009 / MT 6009 MK II / 683 m2 Charterer: Total

HAVILA CLIPPER (DP II) 2010 / Havyard 832 CD / 805 m2 Charterer: Statoil

MAERSK FINDER (DP II) 1994 / UT745 / 907 m2 Area: Belgium

BEAUCEPHALUS (DP II) 2010 / Havyard 832L SE / 830 m2 Charterer: Petrobras, Brazil

POWER EXPRESS 2006 / Own / 663 m2 Charterer: BP

NORMAND VESTER (DP II) 1999 / UT745 / 956 m2 Charterer: Petrobras Brazil

KL BRISFJORD (DP II) 2010 / STX 06 CD / 1100 m2 Charterer: ConocoPhillips

OLYMPIC PROGRESS (DP II) 2005 / UT755LN /680 m2 Charterer: Petrobras, Brazil

PSV Arrivals on North Sea Spot MarketPSV Arrivals on North Sea Spot MarketPSV Arrivals on North Sea Spot Market

MALAVIYA 20 (DP I) 2004 / UT755L / 690 m2 Previous RWE

BOA FORTUNE 1992 / UT706 / 615 m2 Previous: Lay-up

KL BROFJORD (DP II) 2010 / AKER PSV06 / 1100m2 Newbuild

SOPHIE SIEM (DP II) 2006 / VS470 MKII / 700m2 Previous: Centrica

REM SUPPLIER (DP II) 2010 / UT 755LN / 681m2 Newbuild

HIGHLAND BUGLER 2002 / UT755 / 621m2 Previous: Peterson SBS

VOS PREMIER (DP II) 2010 / UT755LN / 708 m2 Newbuild

NORTH STREAM (DP II) 1998 / UT745 / 951m2 Previous: Statoil

SKANDI SOTRA (DP I) 2003 / MT600 / 912m2 Previous: Statoil

AHTS DeparturesAHTS DeparturesAHTS Departures

The large AHTS Far Scorpion has been fixed to support the Aker Barents rig for 35 days firm plus 25 daily options. MLS is understood to have chartered the vessel on a day-rate of around NOK 350,000. The 2009-built UT-731 CD has been working the North Sea spot market and is ex-pected to join the Havila Jupiter on the charter with MLS which is expected to commence towards the end of the month.

Most of the present flurry of long-term requirements on the North

Sea spot have been filled although there are still two outstanding.

1 PSV / Talisman / 6 months—2 years + opts / comm May—June

1 PSV / MLS / 5 wells or 1,2, or 3 years / comm June

Meanwhile, a number of medium requirements remain outstanding.

The Sea Lion AHTS has joined the North Sea spot market after sailing from the Mediterranean. The 2008-built ves-sel has already been chartered to assist in the rig move of the Maersk Resolute for Dong. The Sea Lion is a Havyard 842 designed vessel with a BHP of around 17,520, bollard pull of around 202t, DP2 and a deck area of circa 520 square metres. The vessel is expected to re-join the spot market on completion of the rig move by around the mid-dle of April. Dayrate for the fixture was circa GBP 32,500.

1 PSV / Maersk Oil / 4 months + 2x1 month opts / comm Mid April

1 PSV / BP N / 1 well firm + 21 d/opts / comm April

1 PSV / Fugro / 100 days firm + opts / comm April—May

1-2 PSV / MLS / 1-2 wells + opts / comm April-June

1 PSV / E.On / 1 well / comm June

1 PSV / AGR / 2 wells firm + 6x1 month opts (WillPhoenix) comm May

1 x PSV / Statoil / 3 months firm + 3 months opt / comm May-June

Medium-Term Requirements

Long-Term Requirements

Sea Lion Fixes Upon Arrival

Far Scorpion to Support Aker Barents

©Copyright Braemar Seascope Offshore 2011

CharteringCharteringChartering

Maersk Oil Norway has fixed the Stril Challenger and the Volstad Supplier to support work being carried out by the Transocean Prospect. The vessels, which were chartered at NOK 200,000 and NOK 225,000 respectively, have been chartered for one well firm which is expected to last be-tween 60 and 120 days. The Stril Challenger is a 2005-built Havyard 842 AHTS with a bollard pull of around 211t and the Volstad Supplier is a large PSV with DP2 and a deck area of around 1060 square metres.

Allseas has the Toisa Sonata and Toisa Intrepid which are working with the Maersk Fetcher on Total’s Laggan pro-ject. The Toisa Sonata and Toisa Intrepid will then com-mence work on the Nord Stream project and will be joined by the Toisa Independent and Maersk Nomad. The Maersk Feeder and Edda Frigg will then takeover support-ing the Audacia. Meanwhile, SBS Cirrus and Energy Girl will be supporting Lorelay and Boa Fortune and the AHT Primus will be with Tog Mor at the Brae project.

Bourbon has chartered a trio of medium PSV’s for work in the Black Sea supporting the Deepwater Champion which is working for ExxonMobil. The rig has passed through the Bosphorus Strait on its way to the Black Sea meanwhile the Leiv Eroksson, which had been working in the region has headed in the opposite direction. The UT-755 L de-signed Malaviya 10, the UT-755 LC Rem Provider and the VS-470 MKII SBS Typhoon are to remain with Bourbon un-til the end of May at a dayrate of around GBP 15,000.

Carin has finalised its fleet of vessels for work with Capri-corn in Greenland with the Leiv Eriksson and the Ocean Rig Corcovado. The operator has chartered the following vessels: AHTS: Balder Viking, Siem Topaz, Siem Aquama-rine; PSVs: Siem Louisa, Siem Danis, Sophie Siem, Toisa Vigilant and the standby vessels: Esvagt Capella and Esvagt Don. The first vessels will leave the North Sea in mid-April with the charters expected to last until October.

Vessels Leave for Greenland Soon

Allseas Fixes Series of Vessels

Bourbon Fixes Vessels for Black Sea

Maersk Oil Norway Charters Stril Challenger

©Copyright Braemar Seascope Offshore 2011

CharteringCharteringChartering

Taqa has chartered the FD Indomitable to support drilling operations being carried out by the Borgsten Dolphin. The vessel was fixed at a dayrate of around GBP 12,500 in a deal that was originally arranged in January of this year. The 2010-built UT-755 L vessel is expected to remain on charter with the operator until around October. The FD Indomitable is equipped with DP2 and a deck area of around 716 square metres.

ADTI has fixed the medium PSV FD Reliable for one well firm to support the Ensco 80 in the Southern North Sea. The vessel is expected to go on charter in the third week of April and is currently on a spot charter with Maersk Oil. The rig has just finished a one well drilling programme on a nearby Southern North Sea well for ADTI. The rig has since gone to Teeside to undergo an accommodation up-grade and is due to commence another well on behalf of a different ADTI client in mid to late April.

MLS has taken the large AHTS vessel Havila Jupiter on charter for one well firm. The charter is expected to last around 120 days with the vessel going on hire at a dayrate of around NOK 295,000 from the middle of April. The Havila Jupiter is continuing to work the spot market until it commences the charter. MLS also took the Havila For-tune on hire for three wells firm plus two additional well options earlier in the year.

ASCO has chartered the large PSV Northern Wave for six months firm plus 12 additional one month options. The UT-745 designed vessel will be replacing the ER Georgina and will be working with the GSF Arctic 3 rig and the Beryl installation. The vessel is quipped with a free deck of around 900 square metres, DP2 and has accommodation for up to 60 personnel on board.

Northern Wave Goes to ASCO

FD Reliable Fixed to ADTI

MLS Takes on Havila Jupiter

FD Indomitable to Taqa

©Copyright Braemar Seascope Offshore 2011

CharteringCharteringChartering

The North Sea rig market has seen a

surge in activity in recent weeks with a

number of new charters and extensions

being announced. However, the surprise

tax increase announced in the budget

has made some operators review their

commitment to some high profile pro-

jects in the region.

George Osborne raised the supplemen-

tary tax on North Sea Oil production in

the UK to 32% from 20%.

Some large operators including Statoil

have indicated that they may drop pro-

jects or move operations to Norwegian

or Dutch waters others have warned

that it could make investment in smaller

fields “uneconomic”. Following the ini-

tial furore there will be a one day evi-

dence gathering session held on May

4th by the Energy and Climate Change

Select Committee at Westminster

where Oil & Gas UK and others will be

giving evidence on the impact of the tax

rise. Meanwhile, rig utilisation in the

North Sea is on the rise with indications

that the summer could see 100% utilisa-

tion as up to ten rigs currently in yard

commence charters. Statoil has recently

taken on the Songa Delta for three

years, BP has extended the Paul B Lloyd

Junior and RWE has confirmed letter of

intent for the Ensco 70 and Ensco 92 for

periods of 11 and 10 months. In addi-

tion WilPhoenix has commenced work

on a multi-client programme for AGR

including Antrim Energy and Nautical.

Barents

Strike

Statoil has announced

a major oil discovery on

the Skrugard prospect

in the Barents Sea. Ac-

cording to the operator

it is one of the most

important finds on the

Norwegian continental

shelf in the last decade.

The discovery, which

was made by the Polar

Pioneer rig, is between

150 and 250 million

recoverable barrels of

oil equivalent. Partners

in the project with

Statoil are ENI Norway

and Petoro. The discov-

ery is around 100km

North of the existing

Snohvit gas field in the

Barents Sea.

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PricePrice Oil Oil Oil

Norway UK Denmark Germany /

Netherlands Stacked without future contract

Stacked with future contract Total

Drillship 1 1 2

Jackup 6 9 4 7 6 8 40

Semi-Sub 20 14 1 3 38

Total 27 24 4 7 7 11 80

ChartChart Rig Rig Rig

Rig Activity by Type and Country

200520052005---201120112011

Full details of the UK and Irish Standby Market are availa-ble in the Braemar Seascope Offshore Standby Market Summary. The report, which comes out twice a year, con-tains an extensive commentary from our brokers who deal with the Standby market on a daily basis. There are also full fleet listings of Standby owners and an overview of the newbuild and fleet replacement programmes. For further details email: research@seascope.co.uk

ADTI has chartered the 1976 built VOS Commander to sup-port a one well (circa 75 days) plus option programme in the UK South North Sea with the Ensco 80 from around the mid-dle of April. In addition, Centrica are believed to have final-ised a one to two year charter of the Putford Ajax for sup-port of the Noble Julie Robertson in the Southern basin. The rig is being upgraded in Great Yarmouth and is expected to mobilise in the first half of April.

The 1976 built Grampian Highlander will be retired from the ERRV fleet towards the end of April and will be scrapped in Denmark. Consequently North Star's fleet will temporarily fall to 27 units although they have 4 new-buildings on order in Spain for delivery in 2012. In add-tion, the medium sized PSV Grampian Talisker (IMT978), which has been on long term charter to BP since delivery in 2009, is scheduled to be modified in the near future into a multi-role vessel to augment 'Project Jigsaw'.

Boston Putford Offshore Safety’s fleet will increase to 27 when the the 2004-built Seacor Achiever joins in June. The vessel which is en route to North West Europe, will become operational on completion of conversion to a multi-role vessel. It will be equipped with a daughter craft facility and is understood to be charter free. The vessel is the fourth unit that parent company, Seacor Holdings, has modified for the UK ERRV market in the last four years.

Standby Market Summary

©Copyright Braemar Seascope Offshore 2011

Standby/ERRVStandby/ERRVStandby/ERRV

The subsea vessel Orelia has been chartered to carry out work for Taqa on the Falcon field in the North Sea. The dive support vessel will be utilised as part of a work scope that includes installation of flowlines, riser replacement trenching and tie-ins. The contract is expected to com-mence in the second half of 2011.

The naming ceremony for Subsea 7 and Havila Shipping’s newbuild diving support vessel Seven Havila has taken place. The 120m long vessel has a deck space of 1,050 square metres, DP3 and a 250 tonne heave compensated main offshore crane. The vessel will also be able to ac-commodate 120 crew and operate with up to 24 divers. Subsea 7 has also recently been awarded an installation contract on the Huntington development in the North Sea with the work expected to be carried out in 2012.

GC Rieber’s newbuild subsea inspection, repair, mainte-nance and construction support vessel, Polar King has been delivered from the Freire yard in Vigo, Spain. Follow-ing sea trials the vessel will be mobilised for a three-year charter with Technocean from late April. A subsequent subsea vessel is expected to deliver after the summer and is currently charter free.

The UK Ministry of Defence has chartered the Polarbjørn for three years firm. The contract, which will commence in the middle of April, will also see the vessel renamed HMS Protector and it will be used as a replacement for the ice-breaker HMS Endurance. The GC Rieber vessel will also support the British Antarctic Survey in Antarctica.

Polarbjørn Fixed for Three Years

Seven Havila Naming Takes Place

GC Rieber Takes Delivery of Polar King

Technip Wins Taqa Subsea Contract

©Copyright Braemar Seascope Offshore 2011

SubseaSubseaSubsea

Seaway Heavy Lifting has taken delivery of its newbuild DP3 crane vessel the Oleg Strashnov. The vessel has suc-cessfully been undertaking sea trials and test lifts in the last two weeks of March. The vessel is scheduled to com-mence its first project, the installation of the Sheringham Shoal windfarm monopole foundation structures, transi-tion pieces and substation decks in April 2011. It will then install the deck of the Clipper later in the summer.

Aker Solutions and Wartsila are to develop a new concept for offshore windfarm installation vessels. The vessel will be able to operate on LNG and will also include a number additional environmental features. It will be able to carry three windmill foundations and five complete wind tur-bine assemblies. The vessel is designed for low emissions and to operate in the International Maritime Organisa-tion’s emission control areas. First orders for the vessel are expected to be placed later this year.

Maritime Industrial Services (MIS Group) has signed a con-tract with Polish yard Crist for the fabrication of four legs for Beluga Hochtief’s newbuild heavy lift jack-up crane vessel. The USD 22.5 million contract will see the 447 foot legs fabricated at MIS’ yard in Sharjah. The current deliv-ery date for the vessel (Rig NM 142) is the second quarter of 2012. MIS has previously built four Super M2 offshore jack-up drilling rigs and is set to deliver a fifth shortly.

Siem Offshore has announced plans to enter the subma-rine cable installation, repair and maintenance market. The company has reached an agreement to acquire all shares in Five Ocean Services. The firm will target oil and gas cables as well as intern-array and export cables in the renewables energy market. The main asset will be the DP2 vessel Siem Carrier which was converted to a cable installation vessel in 2007.

Siem Enters Cable Installation Market

Wartsila & Aker Launch Concept

Legs Ordered for Beluga Newbuild

Oleg Strashnov Delivered

©Copyright Braemar Seascope Offshore 2011

RenewablesRenewablesRenewables

£0

£2,000

£4,000

£6,000

£8,000

£10,000

£12,000

£14,000

£16,000

£18,000

Average Daily North Sea Spot Cargo Run Dayrates Since February 2011

DayratesDayrates PSV PSV PSV

SPECS BOX

£0

£5,000

£10,000

£15,000

£20,000

£25,000

£30,000

£35,000

£40,000

Average Daily North Sea Spot Rig Move Dayrates Since February 2011

DayratesDayrates AHTS AHTS AHTS

Average North Sea Spot Average North Sea Spot Average North Sea Spot

AHTS Rates Feb/MarAHTS Rates Feb/MarAHTS Rates Feb/Mar---201120112011

Average North Sea Spot Average North Sea Spot Average North Sea Spot

PSV Rates Feb/MarPSV Rates Feb/MarPSV Rates Feb/Mar---201120112011

£0

£5,000

£10,000

£15,000

£20,000

£25,000

£30,000

£35,000

Large PSVs (700m2+ Clear Deck)2010

Medium PSVs (500-700m2 ClearDeck) 2010

Large PSVs (700m2+ Clear Deck)2011

Medium PSVs (500-700m2 ClearDeck) 2011

DayratesDayrates PSV PSV PSV

SPECS BOX

£0

£10,000

£20,000

£30,000

£40,000

£50,000

£60,000

Large - AHTS (16,000+ BHP) 2010

Medium - AHTS (12-15,999 BHP)2010

Large - AHTS (16,000+ BHP) 2011

Medium - AHTS (12-15,999 BHP)2011

DayratesDayrates AHTS AHTS AHTS Average North Sea Spot Average North Sea Spot Average North Sea Spot

AHTS Rates 2010/11AHTS Rates 2010/11AHTS Rates 2010/11

Average North Sea Spot Average North Sea Spot Average North Sea Spot

PSV Rates 2010/11PSV Rates 2010/11PSV Rates 2010/11

£0

£5,000

£10,000

£15,000

£20,000

£25,000

£30,000

£35,000

£40,000

Large PSVs (700m2+ Clear Deck) Medium PSVs (500-700m2 Clear Deck)

DayratesDayrates PSV PSV PSV

SPECS BOX

£0

£20,000

£40,000

£60,000

£80,000

£100,000

£120,000

£140,000

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Large - AHTS (16,000+ BHP) Medium - AHTS (12-15,999 BHP)

DayratesDayrates AHTS AHTS AHTS

Average North Sea Spot Average North Sea Spot Average North Sea Spot

AHTS Rates 2004AHTS Rates 2004AHTS Rates 2004---201120112011

Average North Sea Spot Average North Sea Spot Average North Sea Spot

PSV Rates 2004PSV Rates 2004PSV Rates 2004---201120112011

Braemar Seascope Offshore’s Australia

office is building up a solid reputation.

The department is based in Perth along-

side our Dry Cargo brokers, Sale and

Purchase brokers and a local research

team in Perth with a further office in

Melbourne.

The office works very closely with our

Singapore department which recently

moved into a new office space bringing

the Singapore-based Offshore division

under the same roof as the Tankers and

Dry Cargo elements as well as the Brae-

mar Falconer and Braemar Steege divi-

sions that deal with technical and insur-

ance aspects respectively.

For further details of the full range of

services offered by Braemar Shipping

Services - click here.

The address for Braemar Seascope

Offshore in Perth, Australia is:

Unit 4, Churchill Court

335 Hay St, Subiaco

Perth 6008

The Australia office deals with Sale and

Purchase, Long Term and Short Term

Vessel Chartering and Vessel Valuations

in Australian waters and also supports

work by our Singapore team in the gen-

eral Asia region.

Richard

Williams

Richard Williams is the

Manager of the Perth

Office of Braemar

Seascope Offshore deal-

ing with the chartering

of offshore vessels and

marine consultancy.

Richard has comprehen-

sive experience in high-

tech marine construc-

tion combined with

sales and technical ex-

pertise across the ma-

rine sector.

Contact:

Richard Williams

T:+61(0)8 9388 0536

F:+61(0)8 9388 0537

Braemar Seascope Offshore is a division of

the Braemar Shipping Services PLC, a lead-

ing integrated provider of brokering and

consultancy services to the shipping indus-

try.

At Braemar Seascope Offshore our aim is

to provide cost effective solutions to our

clients' offshore programmes.

Regular advances in technology mean our

work is a direct response to constantly

changing market needs.

From offices in London, Aberdeen, Singa-

pore and Australia we specialise in the

worldwide offshore market.

Our services include:

Spot and period chartering

Short sea and ocean towage

Newbuild and second hand sale &

purchase

Bespoke research and reports

Corporate mergers, acquisitions &

fleet sales

Sourcing venture capital and ad-

vising banks

Valuation services

Contact

Us

Sean Bate

Market Analysis

Manager

25 Carden Place

Aberdeen

AB10 1UQ

UK

Phone:

+44 (0)1224 628470

Fax:

+44 (0)1224 621444

E-mail:

research

@seascope.co.uk

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The Renewables Vessels

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B raemar Seascope Offshore is in an ideal posi-

tion to offer industry insight on all aspects of

the offshore vessel market across the globe.

Our expert brokers are on call 24 hours a day

and are able to offer advice, information and up-to-the-

minute detail on vessel rates, availability and positions.

Visit the Braemar Seascope

Offshore website by clicking the

logo below or going to:

www.braemarseascope.com

WEBSITE

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