Petrobras: AHTS bid newbuilding posptponed once again

Petrobras extends AHTS tender deadline to August 21Petrobras has extended the submission deadline for its newbuild AHTS tender, with bids now due on August 21. This is the fourth postponement since late May.

Petrobras has not disclosed the reason for the latest extension. Several shipowners have requested additional time to meet the financing documentation required under Addendum K, with the bank Comfort Letter once again at the center of the issue. Petrobras considered the requests but is not expected to remove the requirement.

After such a prolonged process and repeated extensions, the possibility of cancellation can no longer be ignored, although Petrobras has given no indication that this is currently under consideration.

At this point, the focus is no longer on the deadline itself. What happens when bidding closes will say far more about the market than another extension ever could.