Petrobras, which has initiated a third round of contract renegotiations, is aiming for a whopping 30% cut in rates for all sorts of marine assets, including offshore support vessels (OSVs), it has been confirmed.
The latest round of cuts comes after Brazil’s struggling state-owned giant received average rate reductions for OSVs of about 12.5% in each of the past two rounds of contract renegotiations.
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