Open Tenders & More

Dear Madam/Sir,

WSB is pleased to provide an update on the current long-term tenders that are open to offer.

Open tenders:

What has changed?

• Nothing new under the sun.

What else is happening?

• Everyone is after a floatel. Floatel Victory completed her contract with Karoon at the FPSO Cidade de Itajaí, commenced operations at the Bacalhau field with Equinor, and is set to end the year under a six-month firm contract with Brava.
• That’s a lot of steel! Ecovix has received a shipment of 11,000 tonnes of steel to continue the construction of four Handysize vessels for Transpetro. The shipyard also has an orderbook of five gas carriers and four MR1 tankers. Could there be more projects on the way?
• A slowdown for some, a boom for others. As tenders cool ahead of the election period, the imbalance between supply and demand has left some vessels without contracts. However, the AHTS market tells a different story: there isn’t a single vessel left available.