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 November 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Madsen to Chair Norway’s Research Council Executive Board

Henrik O. Madsen appointed chairman of the executive board of the Research Council of Norway   DNV GL president and CEO Henrik O. Madsen was appointed as chairman

Port of Houston Expecting Record Year

The Port of Houston Authority is expecting 2014 to close as a banner year for the port, with 34 million tons of cargo handled through November, Executive Director

Hapag-Lloyd Completes CSAV Merger Capital Increase

Hapag-Lloyd completed the planned capital increase of EUR 370 million (approximately $452.5 million) as part of the business combination with the Chilean shipping

Navy

Damen Outfitting First of Nine Bahamas Patrol Boats

The first of nine Damen Stan Patrol 3007s ordered by the Royal Bahamas Defense Force has arrived at Damen Shipyards Gorinchem in the Netherlands for outfitting.

US Navy: Tortuga Allision Costs CO, XO Their Jobs

USS Tortuga's (LSD 46) Commanding Officer, Cmdr. Thomas Goudreau and Executive Officer, Cmdr. John Fleming, were relieved of their duties Dec. 16, due to loss of

Japan Gains Edge in Australia Submarine Deal

Australia and Japan appear to be inching closer to an agreement on the sale the top-secret technology from Japan to build a fleet of new generation submarines.

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Navigation Offshore Oil Pipelines Salvage Ship Repair Ship Simulators 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: 0.1748 sec (6 req/sec)