Transportation Companies expected to build six oil tankers in Rio de Janeiro

Published October 29th, 2000 - 02:00 GMT

Oil & Gas Journal reported that next year Petroleo Brasileiro SA (Petrobras) will ink contracts to build four large oil tankers with the private sector. 


Mercosul Line also expects to build two tankers, said Mauro Campos, president of Transpetro, the transport subsidiary of Petrobras. 


Petrobras is negotiating with Eisa, Maua, and Verolme shipyards in Rio de Janeiro to build two 130,000 dwt Suezmax oil tankers and two Panamax 60,000 dwt tankers at a cost of $150 million.  


Mercosul Line also wants to sign a contract for two container ships worth $25 million each, Oil & Gas Journal reported In the past, Transpetro had a fleet of around 8 million dwt, today reduced to only 3 million dwt. These new investments will come about following easier financing conditions for ship construction in Brazil, increasing amortization for loans to 20 years from 15, reducing interest rates to 4 percent from 6 percent, and increasing the maximum value of financing to 90 percent from 85 percent, said Campos. 


Wagner Victer, Rio de Janeiro state's energy secretary, said that other companies will also build their ships in Rio's shipyards.  


"Alianca Hamburg Sud intends to assemble four ships worth $200 million, the Danish group Maersk will build four offshore ships with investments of $ 100 million, and the group Neptunia has a project for two full container ships with investments of $56 million," he said. 


Rio de Janeiro is responsible for around 80 percent of Brazil's total crude oil output that comes from offshore Campos basin.  




© 2000 Mena Report (

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