Petrobras May Buy Ethanol Tankers as Part of Brazil Ship Plans

Friday, April 13, 2007
According to Bloomberg, Petroleo Brasileiro SA, Brazil's state-controlled oil company, may purchase tankers from Brazilian shipyards to export ethanol as the company moves to quadruple foreign sales of the biofuel. The ships would expand a plan to build 42 vessels for Rio de Janeiro-based Petrobras's fleet of tankers as increased oil, gas and fuels production transforms Brazil from an energy importer into an energy exporter, said Sergio Machado, head of Transpetro, the company's transportation unit.

Machado expects the first such ethanol tanker, which would likely be a 75,000 metric-ton, Panamax-class fuel tanker treated to resist the biofuel's corrosive effect on steel, to be built by 2011. Petrobras is in the middle of a $2.5 billion plan to build 26 tankers for oil, natural gas and other fuels with the first deliveries scheduled for 2009. The plan is part of Brazilian president Luiz Inacio Lula da Silva's plan to revive the country's shipbuilding industry, which in the early 1980s was the world's second largest.

Each Panamax-size ethanol tanker would cost about $130 million to build, the same price as a normal gasoline or general-fuels tanker, he said. Transpetro expects to complete contract negotiations with Brazilian shipyards and Brazil's state development bank, BNDES, for 16 more ships by the end of May. The bank is supplying subsidized loans for up to 90 percent of the costs for the domestically built ships. Petrobras, which is planning to build ethanol pipelines for export, is also considering plans to ship ethanol on barges using the country's river systems, Sillas Oliva Filho, Petrobras' ethanol sales chief, said in an interview March 27. Source: Bloomberg

Maritime Reporter March 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Shipping Confidence Hits 2.5 Year Low

Overall confidence levels in the shipping industry fell to their lowest level for two-and-a-half years in February 2015, according to the latest Shipping Confidence

U.S. DoI Upholds 2008 Shell Arctic Lease

The U.S. Interior Department on Tuesday upheld a 2008 lease sale in the Chukchi Sea off Alaska, moving Royal Dutch Shell a step closer to returning to oil and gas

All American Marine Delivers Ferry to Seattle

All American Marine, Inc. (AAM) today announced the delivery of a new passenger ferry that will serve the city of Seattle.    The vessel, MV Sally Fox, was dedicated

Navy

ST Marine Celebrates Naming of Vessels

Singapore Technologies Marine Ltd (ST Marine), the marine arm of Singapore Technologies Engineering Ltd (ST Engineering), held the Naming Ceremony today for the second Patrol Vessel (PV),

Japan, U.S. Look to Expand Naval Cooperation

Japanese Prime Minister Shinzo Abe's push to allow Tokyo to come to the aid of an ally under attack will pave the way for closer cooperation between U.S. and Japanese forces across Asia, a top U.

India, Japan Reaffirm Strong Maritime Ties

India and Japan have discussed a specialized 24-nation maritime construct to enable real-time sharing of data of all shipping including merchant and naval warships,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Navigation Pipelines Pod Propulsion Port Authority Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1954 sec (5 req/sec)