In a note toclients researchers from the Manhattan-based investment bank said Septemberfleet status reports indicate that levels may have paused on the heels of aperiod in which rates were rising steadily.

The analysts, led by managing director James Crandell, noted that Transocean recently fixed the first of its newbuilding drillships, the DeepwaterInvictus, on a three-year contract at $595,000 per day with commencementexpected in April of 2014.

“This