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Brazil goes for growth as suezmax contract is signed by Lula.
(From Lloyds List)
Byline: Rainbow Nelson
BRAZILIAN President Luiz Inacio Lula da Silva yesterday opened a R$504bn ($236.5bn) public-private spending programme designed to accelerate growth in the world's ninth largest economy at the official signing of a $1.2bn contract to build 10 suezmaxes at a new shipyard in Suape.
Three thousand people turned out to watch as the president of Petrobras' shipping and logistics arm, Transpetro, Sergio Machado, finally put ink to paper after one of the longest running shipbuilding sagas of recent history.
'We have dreamed about this for 20 years,' said Mr Machado. 'This is a moment that is going to move the country.'
The 42-tanker newbuilding programme for Petrobras' shipping and logistics arm was first floated in 2004 but has been plagued by delays due to legal challenges, a shortfall in financing and last year's presidential elections.
A consortium of five Brazilian construction and ...
- Transpetro buys 26,000 t steel for construction of vessels under Promef.
- News wire article from: ADP News Latin America September 29, 2009 700+ words
...Modernisation and Expansion Programme (Promef), president Sergio Machado said yesterday. Transpetro, which is the transportation...officially launched on September 11, 2009 at the Estaleiro Atlantico Sul (EAS) shipyard, in northeastern Pernambuco state.
- Petrobras' plan would see 28 rigs built in Brazil.(Update)
- Magazine article from: Marine Log October 1, 2009 700+ words
...transfer the technology for this type of vessel to Brazil's Atlantico Sul Shipyard in which it holds a 10% stake. Samsung is providing...in China, rather than Brazil. [ILLUSTRATION OMITTED] Atlantico Sul Shipyard will be the biggest yard in Central and South America...
- Delivery of 1st vessel under Transpetro Promef programme set for Apr 2010.
- News wire article from: ADP News Latin America September 14, 2009 700+ words
...officially launched on September 11, 2009 at the Estaleiro Atlantico Sul (EAS) shipyard, in northeastern Pernambuco state. Another...LPG) transportation vessels were auctioned. Estaleiro Atlantico Sul is responsible for the construction of 10 Suezmax oil tankers...
- SAMSUNG HEAVY ACQUIRES 10% STAKE IN BRAZILIAN SHIPYARD.
- News wire article from: AsiaPulse News June 17, 2008 700+ words
...second-largest shipbuilder, said Tuesday it has purchased a 10 per cent stake in Brazilian shipyard company Estaleiro Atlantico Sul for US$22 million. The purchase is expected to help Samsung Heavy win orders for drill ships and oil rigs in Brazil as...
- Transpetro to open tender for eight gas tankers.
- News wire article from: ADP News Latin America August 20, 2009 700+ words
...four product vessels, and three liquefied petroleum gas (LPG) transportation vessels were auctioned. The Estaleiro Atlantico Sul, a shipyard in Pernambuco, is starting the construction of 10 Suezmax oil tankers. The 16 other vessels in that phase...
- Samsung Heavy acquires 10 percent stake in Brazilian shipyard.
- News wire article from: YON - Yonhap News Agency of Korea June 18, 2008 700+ words
...s second-largest shipbuilder, said Tuesday it has purchased a 10 percent stake in Brazilian shipyard company Estaleiro Atlantico Sul for US$22 million. The purchase is expected to help Samsung Heavy win orders for drill ships and oil rigs in Brazil as...
- Petrobras to build dry dock.(Offshore)(Brief article)
- Newspaper article from: The Oil Daily April 7, 2008 700+ words
...at the dock will be the 180,000 b/d semi-submersible P-55 that should be ready in late 2011. The hull contract has already been signed with the Atlantico Sul Shipyard, comprised of local companies Camargo Correa and Queiroz Galvao.
- BNDES.(LOGISTICS)
- Magazine article from: Latin Trade July 1, 2007 700+ words
BNDES, Brazil's state-owned development bank, approved US$252 million for the installation of shipyard Estaleiro Atlantico Sul, in Pernambuco in northeastern Brazil.
