132 supply ships could lose contracts in Brazil

Supply carriers lost contracts one after the other last year in Brazil, but 2016 could be a serious problem when 132 foreign-flagged vessels' contracts with state-owned oil company Petrobras are set to expire.

Photo: Siem Offshore

132 foreign-flagged supply vessels will see their Brazilian oil industry contracts end this year. Of the 44 Norwegian-owned vessels which face losing contracts in Brazil, 23 of them sail under the Norwegian flag, according to a summary from Westshore to which Norwegian media has gained access.

Westshore analyst Inger Louise Molvær tells the Norwegian news media that a number of the foreign vessels are just now ending their work for the state-owned oil company Petrobras, which is using more and more ships from Brazil as these are granted first priority when there is less work.

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