Petrobras Invests Heavily in Ships

Tuesday, May 13, 2008

Petrobras, which has a $112 billion investment plan through 2012, is expanding and refurbishing its fleet. It has already contracted the construction of 23 tankers, and more orders are in the pipeline.

Petrobras is also planning to order two Very Large Crude Carrier (VLCC) supertankers, but did not give a timetable for the transaction.

The plan to build new ships – and potentially some new drilling rigs – in Brazil is designed to revitalize the local ship-building industry and boost the coastal dry freight sector.


Shipbuilding

Abu Dhabi Ship Building Commissions First Floating Dock

Abu Dhabi Ship Building PJSC (ADSB) has commissioned its first floating drydock located in Mina Zayed as the company looks to expand its commercial service offering.

NAT Names 2 New Tankers in South Korea

wo new tankers, Nordic Star and Nordic Space, were named August 24 for owner Nordic American Tankers Limited (NAT).   NAT founder and chairman Herbjørn Hansson was present at the naming ceremony,

Japanese Yards Mull Shipbuilding Alliance

Four major Japanese shipbuilders are in discussions to form an alliance in hopes of riding out the industry slump.   Mitsubishi Heavy Industries, Ltd. (MHI) announced

 
 
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