Petrobras Pays Higher Price
Advertise Here
Trending Topics:
Sunday, June 14, 2015

Ship Equipment
Ship Maintenance
Ship Systems
Worldwide Metric
Freeman Marine
Neptune Group

Home Page
About MarineTalk
Buyer's Guide
World InfoDesk
Discussion Forums
Advisory Board
Advertising Information
Submit Company Listing
Edit Company Listing
Site Map
MarineTalk Site Search:
Featured Companies

ISMA - International Ship Managers' Association
ISMA, founded in 1991, is an association of ship and crew managers bound by a strict code of management standards, the ISMA Code.
    United Kingdom

MCU-Coatings is a global leading manufacturer of moisture cured urethane marine, protective and industrial coatings. MCU-Coatings have proven to outperform 2 component epoxy coating and polyurethane paint in many ways.

Practical Ocean Energy Management Systems, Inc.
POEMS is a non profit dedicated to building demand for making the ocean a key energy focus in the 21st century. POEMS establishes a forum for ocean-based renewable energy development that supports full-spectrum R&D, standards and policy issues.
    USA California

BU-IL Corporation
BIP is the largest marine & offshore panel, marine fire rated doors, and prefabricated unit toilet manufacturer in the world.

Petrobras Pays Higher Price


Rio de Janeiro-based Petrobras placed the contract with the Brasfels shipyard on Brazil's southern coast, which five years ago was lying idle and overrun with weeds. Petrobras may pay as much as 25 percent more for the 42 tankers it needs over the next decade than it would have if they were made in South Korea or China but Brazilian owners are forced to comply with orders from President Lula da Silva to use only local shipbuilders to build its rigs and vessels. Lula's directive, issued soon after he took office in 2003, aims to boost employment and foster a revival of shipbuilding in South America's biggest economy.

Using Brazil's outdated shipyards will cost Petrobras to pay about $150 million for a tanker with the capacity to transport as much as to 200,000 metric tons of oil which compares with $95 million for a similar vessel built in China or $120 million for one made in South Korea or Singapore. While Petrobras may pay more for the vessels it plans to order this year, the contracts have been prepared in a way that will encourage shipbuilders to become more efficient in the long run, according to Petrobras. It is intended to create incentives for the sector to modernize and improve its technology and motivate the yards to reach the level of international competitiveness.

Even if it wanted to buy ships from South Korea or China, Petrobras would have to wait. Record orders for new vessels last year mean Asia's shipbuilders won't take on new work until 2008. Last month, 11 Brazilian shipyards, including the Brasfels yard, told Petrobras they wanted to bid for contracts to supply the vessels by 2015. In many cases, the shipyards have teamed up with international companies, including Ulsan, South Korea-based Hyundai Heavy Industries, the world's largest shipbuilding company. Thanks to contracts from Petrobras, which has budgeted spending of $6.9 billion on platforms and tankers from 2003 through 2015, Brazil's shipyards now employ 25,000 workers, or 50 times more than in 1998, and the number is expected to double in the next two years.  

You may also like:
Trending Technology, World Shipping & Maritime News

Latest Marine News and Technology Articles | Maritime 2015 Buyer's Guide


E-mail:  Contact Us

Copyright 1998 - 2015 MarineTalk
Division of Link Internet Business Solutions
All rights reserved.

The reproduction, retrieval, copying or transmission of this Web site content,
in whole or in part, is not permitted without the express permission of
MarineTalk .