OceanPact (OPCT3) revised its vessel utilization rate projection to 72% in 2026, down from the 78% indicated on March 4, 2026 for the company's standalone fleet. The lower rate mainly stems from the incorporation of a fleet with greater commercial idleness, coming from the business combination with CBO Holding S.A.
With the combination, the company now has a combined fleet of 70 vessels and will report the utilization rate on a consolidated basis by class: RSV, PSV/OSRV and AHTS/OTSV.
In the revised projection for 2026, the utilization rate is 73% for RSV, 72% for PSV/OSRV and 69% for AHTS/OTSV. By quarter, the estimate is 67% in 1Q, 73% in 2Q, 74% in 3Q and 72% in 4Q.
To facilitate comparison with previous projections, the company also presented the performance of OceanPact's standalone fleet, excluding the CBO fleet, through September 2026. According to the company, the result was in line with the projection released in March 2026. On this basis, utilization was 64% in 1Q, 76% in 2Q and 85% in 3Q.
The company notes that the projections are management estimates, subject to risks, uncertainties and changes, and do not constitute a promise of performance.
