Question-and-Answer Session
Operator
Thank you. Ladies and gentlemen, at this time we will conduct a question-and-answer session. (Operator Instructions). Our first question comes from the line of Judson Bailey from Jefferies & Company. Please go ahead.
Judson Bailey - Jefferies & Company, Inc.
: Thanks. Good morning. Todd, you mentioned that the rate weakness you're seeing for your 200 and your 220s, I believe on the last call, you thought maybe we would see rates on that type of equipment in the mid-teens, could you update us maybe on your thoughts or what you're seeing for that type of vessel in the Gulf of Mexico now?
Todd Hornbeck
Yes. Today, our average if we took our 21200 class average, we're in the mid-teens. So, that's 15 to $16,000 a day and that's where we are today. Now, I just want to give you an update because I usually update you from what our current leading edge rate sheet looks like today or utilization.
Currently today, we have 4 OSVs and drydock, and we have five OSVs that are off today. With three of those OSVs that are off have pending jobs that are already committed.
So, that would leave us about two floating in the market. And we're seeing a lot of inquiries in activity as construction season will start now. And we anticipate that even though we'll have softness in the 200 rates that the utilization which should start to come back.
Most to-date right now we're around 85% because we've had such so many vessels and drydock, and that should start to increase. But this is like I said it's a transitory market, the lower-end is a little sloppy because of the gas market, but we expect that construction season will start soaking up some tonnage.
Judson Bailey - Jefferies & Company, Inc.
Okay. And my follow-up is like you mentioned you're seeing a seasonal increase now and that you brought some vessels back from Canada, are there other vessels out there, not necessarily yours, but other vessels working internationally, that may have to come back to the Gulf of Mexico and could that have a material impact on the summer season?
Todd Hornbeck
No, I don't think so. I think that was a very unique situation that transpired there. And I expect more vessels to lead the Gulf of Mexico. We have as we've told you; we are bidding jobs, a lot of jobs outside of the Gulf, that are multi-year long-term jobs, either we will win those contracts or I think if whatever vessels win, the contracts will come from the Gulf of Mexico.
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