new OTSV?

Locar announced that their new PSV which recently went through modifications in China to become an OTSV (Offshore Terminal Support Vessel) is underway to Brazil. This vessel type category is specifically employed by Petrobras to support FPSO and FSOs in offloading operations and maintenance
of hose lines.

Petrobras currently only has one vessel chartered for this position, namely the UP Opal. As previously
reported in our Weekly Market Update and One.Energy magazine, the tender in which Locar’s vessel got awarded dates to back to mid-2022 where only Locar and Oceanpact presented offers.