AHTS tender

By Alexandre Vilela

Petrobras AHTS Tender: Rates Through the Roof – But What’s Next?

The AHTS market in Brazil is heating up, and Petrobras’ latest tender results have made waves. Featuring 8 categories, or “Lots,” the numbers are staggering:

AHTS-R (with ROV): rates roaring between USD 108k and 118k per day.
AHTS (without ROV): day rates stretched from USD 75k (a bold move by Solstad Normand Turquesa) to USD 110k.

Here’s where it gets interesting: back in our Charterers’ Workshop last November, we forecast adjusted day rates for this vessel type to average USD 87k. Fast forward, and the majority of contenders landed exactly there (with a few daring exceptions).

But let’s ask the real question:
How many vessels can Petrobras afford to contract before the budget for this tender snaps under the pressure?

NOTE:

On one side, we see owners charging adjusted rates, confident in a tight supply market. On the other, charterers must decide how to maximize resources without breaking the bank.

The stakes are high, and the ripple effects could redefine the offshore support landscape in Brazil. What’s your take—strategic brilliance, market chaos, or a bit of both? Let’s hear your thoughts!

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