2 become 10

“Petrobras is facing ‘owner’s market’ conditions. The oil giant remains asking for too extended offer validity periods, and vessels are getting fixed elsewhere in a much more dynamic market. Notwithstanding, owners’ challenges with financing modifications and other particular requirements of the Brazilian market remain, Petrobras ain’t getting what they expect to hire.

The inevitable consequence is to review ongoing tenders as the current PSV demand being revised from 2 PSV/OSRV type to 10 units, now including oil, general cargo, fluid carriers and multipurpose PSV specs.”

This is the reflection of Alexandre Vilela, CEO of WSB, on the recent change promoted by Petrobras in opportunity 7004270127 via Petronect.