Question-and-Answer Session
Operator
(Operator Instructions) Your first question comes from Judd Bailey with Jeffries - Company. Please go ahead.
Judson E. Bailey - Jefferies & Company, Inc.
Jim thanks for clarification on the conventional fleet. You gave pretty good guidance today on what those rates have done in April. Could you give us the same data point for maybe what your new-generation fleet has done so far?
James O. Harp Jr.
No, not on the new-gen fleet. I don’t have it at my fingertips and I don’t want to just guess. I can tell you this. It is very strong, the market has picked up. From quarter to quarter, I think we have given you a ending edge day rates for the whole fleet and I can tell you spot rates now from the 200 class vessels is over $20,000 a day up to the 265 class vessels is over $40,000 a day.
Judson E. Bailey - Jefferies & Company, Inc.
Just tell me if I am wrong, during the winter, were the 200 footers getting in the mid teens, call it 15 to 16, and is that correct?
James O. Harp Jr.
Yes sir, that’s about right.
Judson E. Bailey - Jefferies & Company, Inc.
When I look at Brazil, clearly that’s going to be a hot market for the foreseeable future. Would you want to take a stab at quantifying how many vessels you think would be coming out of the Gulf of Mexico to accommodate what we’re seeing in Brazil right now?
James O. Harp Jr.
It’s hard to quantify, Judd, at this point; there is a lot of activity from not only Brazil but also Southeast Asia, West African markets, all over the globe, Mexico. things have really heated up. There are a lot of demand drivers coming this year. A couple of years ago, when all the new constructions started, it’s now starting to hit. So we’re seeing bid opportunities all over the world including Brazil. Of course, the recent announcements in Brazil have been very attractive, but a lot of that won’t come online for several years on the recent announcements down in Brazil, but I would think coming out of the Gulf, we’re going to see quite a bit of equipment moving all over the globe as the rigs move as well.
Operator
Your next question comes from David Smith - JPMorgan.
David C. Smith - JPMorgan
I wanted to know if you could give us some color on the MPSV demand that you’re seeing right now, particularly for the [inaudible] vessels.
- To read the full transcript on Seeking Alpha, click here »




