Monday, July 18, 2016
Maritime News

In Brazil, Another Shipyard Goes Bust as Work Goes to Asia

By Sabrina Valle (Bloomberg) — If there’s one industry where all of Brazil’s political and economic upheavals come together, it’s shipbuilding. A Rio de Janeiro shipyard, where suspended president Dilma...

July 18, 2016
Total Views: 8

Tuesday, January 5, 2016
Maritime News

MHI-Led Group Exiting Stake in Brazil Shipyard Declaring Loss -Report

RIO DE JANEIRO, Jan 5 (Reuters) – A group of Japanese shipbuilders led by Mitsubishi Heavy Industries Ltd (MHI) plans to exit its 30 percent stake in Brazilian shipbuilder Ecovix...

January 5, 2016
Total Views: 8

Tuesday, October 22, 2013
p-55 platform petrobras campos basin
Engineering News

Japanese Shipbuilders Acquire Footprint in Brazil, Led by MHI

Five Japanese shipbuilders – Mitsubishi Heavy Industries, Ltd. (MHI), Imabari Shipbuilding Co., Ltd., Namura Shipbuilding Co., Ltd., Oshima Shipbuilding Co., Ltd. and Mitsubishi Corporation – have signed a Share Purchase...

October 22, 2013
Total Views: 1

Monday, May 20, 2013

Kingfish Cancels 11 Tanker Order at OSX Brasil’s Açu Shipyard

11-tanker order cancelled as OSX scales back construction of its shipyard at the Açu port complex.

May 20, 2013
Total Views: 0

Friday, November 30, 2012
osx brasil

OSX Shares Take a Big Hit After Brazilian Shipbuilding Plans Are Canned

(Bloomberg) — OSX Brasil SA, the shipbuilder controlled by billionaire Eike Batista, fell to the lowest in more than four months after Petroleo Brasileiro SA canceled a contract for five...

November 30, 2012
Total Views: 2

Wednesday, November 28, 2012
Espadon Jurong Drillship Design
Engineering News

Sete Brasil Orders 7th Brazilian-Built Drillship from Sembcorp Marine

Sembcorp Marine’s 7th Brazilian drillship newbuild order has just been secured at a contract value of US$806.4 million. Ordered by Sete Brasil Participações S.A. (Sete Brasil), this rig, and her 6 other sister...

November 28, 2012
Total Views: 31

Monday, November 19, 2012

Brazil Subsidizes Uncertain Shipyard Success

By Anna Miars, Unlike the samba beats that punctuate the late night air in Rio de Janeiro, it’s the clamor of construction equipment and hum of machinery that dictate the...

November 19, 2012
Total Views: 11

Wednesday, November 7, 2012

Petrobras Former Refining Head Taps Investors for Brazilian Shipyard

(Bloomberg) — The former head of Petroleo Brasileiro SA’s refining division is negotiating with a group of investors to build a shipyard in Brazil to repair vessels used by the world’s biggest...

November 7, 2012
Total Views: 0

Wednesday, October 17, 2012

Batista to Pump $500 Million Into Brazil’s OSX

RIO DE JANEIRO–Brazilian businessman Eike Batista will buy $500 million in shares of shipbuilding and oilfield services company OSX Brasil S/A (OSXB3.BR) by March 2013, half of the company’s existing...

October 17, 2012
Total Views: 2

Monday, October 15, 2012
osx brasil grupo

OSX Brasil Receives $736 Million in Financing from Merchant Marine Fund

RIO DE JANEIRO–Brazil’s Merchant Marine Fund has approved additional financing for oilfield services company OSX Brasil SA (OSXB3.BR) to complete construction of the company’s shipyard, OSX said in a regulatory filing Monday....

October 15, 2012
Total Views: 5

Friday, September 21, 2012

Brazilian Private Equity Fund Puts Up $180 Million For New Shipyard

With an estimated 250 extra OSV’s needed to support Brazil’s offshore oil and gas industry by 2020, Brazilian private equity fund P2 has promised $180 million to help fund the construction...

September 21, 2012
Total Views: 57

Wednesday, August 8, 2012
ocean rig poseidon tanzania offshore drilling drillship deepwater
Engineering News

Singapore-Based Shipbuilders Win Over $8 Billion in Drillship Orders from the Brazilians

Singapore-based Sembcorp Marine announced today that they have secured contracts worth approximately USD $4 Billion from Sete Brasil ParticipacÇ’es S.A. (Sete Brasil), for the design and construction of five drillships...

August 8, 2012
Total Views: 17

Wednesday, July 11, 2012

Batista’s OSX May Win Petrobras Deal on Rival’s Ship Delays

(Bloomberg) — OSX Brasil SA, the shipbuilder controlled by Brazil’s richest man, stands to benefit from a rival’s failure to deliver vessels on time for offshore oil production. So do...

July 11, 2012
Total Views: 1

FPSO Modec Venture 11
Engineering News

Keppel FELS Brasil Closes $200 Million FPSO Deal

SINGAPORE–Rig builder Keppel Corp. (BN4.SG) said Wednesday that its Keppel FELS Brasil unit has secured a floating production storage and offloading vessel contract valued at US$200 million. In a filing to the Singapore Exchange,...

July 11, 2012
Total Views: 0

Monday, July 9, 2012

Petrobras Takes Delivery of Third Tanker Under 49-Ship Newbuild Program

RIO DE JANEIRO–Brazilian state oil and gas producer Petroleo Brasileiro S/A (PBR. PETR4.BR), or Petrobras, took delivery Monday of a third oil tanker under its current 10.8 billion-Brazilian-reais ($5.32 billion)...

July 9, 2012
Total Views: 0

Friday, June 15, 2012
Engineering News

OSX Brasil Gets $1.3 Billion in Financing for New Shipyard

RIO DE JANEIRO–Brazilian oil-field services company OSX Brasil SA (OSXB3.BR, OSXRY), part of Brazilian businessman Eike Batista’s industrial empire, said Friday it had obtained 2.7 billion Brazilian reais ($1.3 billion)...

June 15, 2012
Total Views: 0

Monday, May 28, 2012
Engineering News

Brazilian Shipbuilding Fail, Transpetro Sets Ultimatum for Struggling Yard

RIO DE JANEIRO (Dow Jones)–The transportation arm of Brazilian state-owned energy giant Petroleo Brasileiro (PBR, PETR4.BR), or Petrobras, has suspended a contract to purchase 16 vessels from the Estaleiro Atlantico Sul shipyard, which...

May 28, 2012
Total Views: 7

Sunday, March 11, 2012
ocean rig sete brasil drillships samsung heavy industries shipyard shipbuilding
Engineering News

Sete Brasil Shareholders Approve $3.9 Billion Investment Capital Increase

RIO DE JANEIRO -(Dow Jones)- Shareholders of Brazilian drilling-rig holding company Sete Brasil approved a capital increase as the company prepares to line up financing to fulfill one of the...

March 11, 2012
Total Views: 5

Tuesday, March 6, 2012
estaleiro atlantico shipyard
Engineering News

Brazilian Shipbuilder Plagued by Strikes and Financial Issues Requests Help from Samsung Heavy

SEOUL (Dow Jones)–Samsung Heavy Industries Co. (010140.SE), the world’s second-largest shipbuilder by sales, said Wednesday it is considering a request for help from Brazilian shipbuilder Estaleiro AtlanticoSul, or EAS. “We...

March 6, 2012
Total Views: 7

Thursday, March 1, 2012
lloyd liverpool

Times are a’Changing…Brazil’s Future Looks Bright

– By Luiz Gustavo Cruz, Contributing Writer, MTS Logistics The great days of the shipping industry in Brazil were gone a long time ago. Big shipping lines went bankrupt, Brazilian-flagged...

March 1, 2012
Total Views: 68