Ilha de Tinharé completed the year without a contract and remained commercially idle into 2026. During the second quarter, OceanPact decided to sell both Ilha de Tinharé and Ilha das Flechas, classifying them as assets held for sale.

That brings Loreto back to the present.

Brokers familiar with the transaction say Meina Offshore Services acquired Ilha de Tinharé with the intention of returning it to STS support work. The same sources say the vessel is undergoing work at Dock Brasil and that efforts were made to position it for an operation in Brazil involving Fendercare.

There is, however, a potentially important complication.

Sources close to the deal say the sale terms may contain a restriction on the vessel being employed in Brazil. One Energy News has not reviewed the agreement and is still working to confirm both the existence and the precise scope of any such provision.

If confirmed, that restriction would make the reported attempt to return Ilha de Tinharé to Brazilian STS operations particularly relevant.

There is also an unusual corporate overlap.

On July 28, OceanPact, through a wholly owned subsidiary, signed an agreement to acquire 100% of Dock Brasil for approximately R$119 million. Completion remains subject to the agreed conditions for the transaction.

If the information regarding the vessel’s current docking is confirmed, an asset recently sold by OceanPact would be undergoing preparation for its next assignment at the same shipyard its former owner is now in the process of acquiring.

Loreto’s history also shows why age alone does not always determine a vessel’s commercial relevance.

A PSV delivered in 1982 is clearly far removed from the specifications required from the current generation of offshore supply vessels. STS support, however, is a different market. Loreto was specifically converted for that activity and performed it for years.

The more interesting question is therefore no longer whether a 44-year-old PSV can find another job.

It is whether Ilha de Tinharé can return to STS work in Brazil under its new owner — and what exactly the terms of its sale will permit.

For now, that is as far as we will go.