Bndes News

Brazilian President Luiz Inacio Lula da Silva said on Monday his government would promote recovery in the country's shipbuilding and oil and gas sectors, with more investment from state-run oil firm Petrobras SA  and development bank BNDES. "Petrobras will return to invest here in Rio de Janeiro and the BNDES will invest more in the country's productive sectors," he said during the inauguration of a health facility in Rio de Janeiro state. (Reuters - Reporting by Rodrigo Viga Gaier; Editing by Sarah Morland)

The total volume of cargo tranported by sea in Brazil from January to September 2017 was pegged at 800 million tons, according to a survey by the National Agency of Waterway Transportation (Antaq). A large number of oceangoing and cabotage ships are needed to move such a volme and many of these ships will need repairs of various kinds. Having identified a positive demand for international standard ship repair facilities in the South Atlantic basin, McQuilling Services, headquartered in New York, will be leading a project to invest nearly a billion in Lucena, on the coast of the northeast state of Paraíba, for the installation of the Brazil Basin Drydock Company (BBDC) repair yard projects.

At the 33rd ordinary meeting on Thursday, 1 December, the Board of Directors of the Merchant Marine Fund (CDFMM), at the Ministry of Transport, Ports and Civil Aviation in Brasilia (DF), approved to finance basis 2.15 billion reais for the construction of a new ship repair facility in Brazil as part of a 9.15 billion reais program for new and existing projects. Company (BBDC). The yard will be located in the municipality of Lucena, in the northeastern Brazilian state of Paraíba. Banco da Amazônia. depending on a number of project parameters. relevant authorities in Brazil in July of this year and clears the way to support funding efforts for the project.

The new Oceana shipyard in Itajai, Brazil has delivered its first newbuild, a platform supply vessel of the PX105 design from Ulstein Group. The vessel was delivered to shipowner Oceana Offshore on March 30, 2016, and on April 1, the vessel started on a six-year chart for Petrobras. A sister vessel is also under construction at the yard, and is scheduled for completion within the end of Q2 this year. In his speech on the occasion of the naming ceremony in March 2016, yard manager…

Enseada Shipbuilding was established to build deepwater drillships for Petrobras. Seventy percent of the company is owned by a consortium composed of Brazilian companies, Odebrecht (50 percent), OAS (25 percent), UTC (25 percent), with the remaining 30 percent belonging to Japanese shipbuilding giant, Kawasaki Heavy Industry (KHI). With all the Brazilian shareholders involved in the Car Wash “Lava Jato” operation, investigating corruption and embezzlement schemes with Petrobras, Kawasaki is a key partner, as is it not only responsible for technology transfer and providing professional training for the local workforce and operational consultancy in several areas within the shipbuilding process, as it also offers credibility to the shipyard.

President Dilma Rousseff unveiled a concession program on Tuesday to draw 198.4 billion reais ($64 billion) in private investment over five years to upgrade and operate Brazilian roads, railways, airports and harbor terminals. The logistics plan includes 4,371 kilometers of new highways, the extension of existing railway concessions and the private operation of airports in the cities of Porto Alegre, Fortaleza, Salvador and Florianopolis, according to a government presentation. The new concessions will have access to less state bank financing in the midst of Brazil's current drive to cut spending and reduce a bulging fiscal deficit. Bidders will be expected to partially fund projects with private financing.

The Port of Mariel, Cuba, aims to become the best choice transshipment in the region from the Panama Canal expansion. According to the Mariel terminal sources, "The port has possibility to connect with everyone from the Panama Canal expansion" and its geographical position "facilitates the export to the Caribbean and to the East Coast American production that takes place in special development zone. The commercial director of the container terminal in Mariel, Marcelo Lluveras, stressed the importance of expanding the Panama waterway and the opportunity for all ports that have the conditions created. Projections of modern terminal Cuban containers…

Japan's Prime Minister Shinzo Abe touted the success of his economic policies on a visit to Brazil on Friday and said it was time for the two nations to expand their trade and investment partnership. On the first visit to Brazil in a decade by a Japanese prime minister, Japanese banks extended $700 million in loans to boost Brazilian soy and corn exports to Japan and build ship platforms for Brazil's burgeoning offshore oil industry. Abe told Brazilian business leaders that Japan has closed a 15-year deflation cycle since his stimulus policies began to kick in and there is great potential to expand trade and investment with Latin America's biggest economy. "With Japan growing again, we can grow with other nations," he said in comments to executives translated by an interpreter.

Brazil's state-controlled oil company Petrobras signed on Friday a $500 million loan from Japan to build eight ship platforms for the oil industry, as part of the visit of Japanese Prime Minister Shinzo Abe to Brazil. Japan will also help Brazil's state development bank BNDES promote investment by small and medium-sized companies in Brazil through its bank for international cooperation, JBIC, according to another deal signed in the Brazilian presidential palace. (Reporting by Anthony Boadle; Writing by Silvio Cascione; Editing by Meredith Mazzilli)

The Brazilian shipowning company Oceana Offshore will be building two platform supply vessels (PSV) with an option for two additional vessels based on the PX105 design from Ulstein. The vessels will be built at the new yard, Oceana Shipyard in Itajai, Brazil and are scheduled for delivery in April and May 2016, respectively. The vessels for Oceana are purposed for work in the Brazilian oil industry. The PX105 design is a large platform supply vessel with accommodation for 23 people. The vessels will be 88.9 meters long and 19 meters wide.

Danilo Souza Baptista, OSX’s Director of Naval Construction, sat with MR Contributing Editor Claudio Paschoa at EBX Group’s new HQ in downtown Rio de Janeiro, in a meeting room overlooking Guanabara Bay with Sugar Loaf Mountain as a backdrop, to discuss its ambitious yet realistic vision to create one of the largest, most efficient shipyards in the Americas, as well as its Integrated Service Solution to the meet offshore O&G needs. OSX is a relatively new company, founded by the EBX Group in 2009. The EBX Group, is a holding composed of several companies active in different industries such as mining, oil & gas, logistics, real estate, among others.

EBITDA of R$36,5 million in 1H12 and R$2,7 billion financing are highlights for the second quarter of 2012. OSX, an EBX Group Company which provides solutions for the offshore oil industry by means of integrated operations in shipbuilding, leasing of exploration and production (E&P) units, and operation and maintenance (O&M), reports first semester 2012 profit for the period is R$ 5,4 million. Currently OSX Shipbuilding is managing an order book of 21 units destined for the production of oil and gas in Brazil: 5 FPSOs and 4WHPs for client OGX, 1 PLSV for client Sapura and 11 medium-range tankers for client Kingfish. During the quarter, OSX maintained its client base expansion and diversification strategy.

The Brazillian shipbuilding endeavor received a significant financial injection, as OSX Construção Naval entered into contracts with lending agents BNDES – National Development Bank and CEF - Caixa Econômica Federal for financing with resources from the FMM - Merchant Marine Fund, in the approximate amount of $700m  each, totaling approximately $1.3b. This $1.3b financing is dedicated to the implementation of the Açu Shipbuilding Unit, the largest shipyard in the Americas, which OSX has been building since July 2011 in the north of the State of Rio de Janeiro…

Caterpillar announced that the RBNA Classification Society has certified the Cat 3500C diesel electric propulsion generator set packages to meet local content regulations in Brazil. RBNA, a division of ANP, certified that the 3500C products meet in excess of sixty percent local content. As announced previously, Caterpillar expanded operations in Brazil in third quarter 2011 to package marine and oil and gas products in the Piracicaba, Sao Paulo, Brazil facility. “As we continue to expand our marine and petroleum operations in Brazil, a central strategic goal we have is to maximize our local content,” said Gregg Macdonald, Brazil 3500 Program Manager.

The rise and fall of the Brazilian shipbuilding market is well-known, having plummeted from the top of the world list in the early 1980s to the bottom by 1999. Today, Brazil is storming back, an amazing revival of the nearly defunct shipbuilding industry driven by the sudden influx of orders from major offshore oil & gas players, namely Petrobras. Today the shipbuilding market in Brazil has in excess of 100 firm orders for ships in a variety of shapes and sizes, in addition to a large number of drill rigs and production unit orders. In addition, companies from around the globe are flocking to Brazil to set-up shop and engage in the industry’s renaissance.

Valor Economico, the Brazilian newspaper, has reported that Mitsui & Co is in talks with three Brazilian construction companies and Brazil’s state development bank to build a shipyard in the country. According to the report, Japan’s second biggest trading company is talking to Rio de Janeiro-based bank BNDES, suggesting that the latter take a minority stake in the shipyard, which would also have as shareholders Brazilian construction groups Camargo Correa, Andrade Gutierrez and Odebrecht. The paper cited Darc Costa, the bank’s vice president.

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.

Astromaritima Navegação, known as the largest Brazilian offshore vessels' owner and operator, plans to upgrade three of its 180 ft. (54.8 m) OSV's for an approximate cost of $4.5 million. The first two of the vessel trio will receive a third engine and a second bowthruster to increase overall installed potency to 4,300-bhp. The remaining OSV will house two new engines, with at least 2,200-bhp each, as well as a second bowthruster and midship section measuring 29.5 ft. (9 m). Financed by Brazilian development bank, BNDES, the modernization process will be partially executed by Astromaritima's drydock, while Promar Shipyards will provide related services from its Guanabara Bay facilities in Rio de Janeiro.

Brazil's government will reportedly divide $100 million in aid among the country's shipping companies to help Brazil's merchant shipping companies pay off commercial debts and moneys owed to Brazil's National Development Bank (BNDES).

Keppel FELS Limited (KFELS), the marine and offshore construction, conversion and repair company of the Keppel Group of Singapore has formed a joint venture with the PEM SETAL Group of Brazil to serve the increasing market of oil and gas exploration and production activities in Brazil and in the west coast of Africa. The joint venture company, FELS SETAL, has signed an agreement yesterday to sublease a Brazilian yard currently named Verolme. The 360,000 sqm yard, owned by Ishibras Verolme Industries, is located in the city of Angra dos Reis, about two hours south of Rio de Janeiro. This signing ceremony was witnessed by His Excellency Anthony Garotinho…