Brazil News

01 Mar 2021

Machado Named MD at Maersk Training UK

Maersk Training UK (MTUK) has appointed a new managing director as the company looks to expand its offering to the North Sea energy sector. Leonardo Machado joins MTUK having previously been managing director of the company’s operations in Brazil for six years. Machado played a key role in developing training for the wind and production industries, as well as expanding service solutions for the firm.With plans in place to grow and expand the business in the UK, Machado is aiming…

25 Feb 2021

AqualisBraemar Takes Care of Petrobras Shuttle Tankers' DP

For illustration only - An AET Shuttle Tanker - Credit: AET

Brazilian national oil company Petrobras has hired AqualisBraemar to perform DP acceptance and annual trials for their DP shuttle tanker fleet operating in Brazil over the next three years.Under the contract, AqualisBraemar will carry out trials to verify the integrity and capabilities of the station-keeping equipment for Petrobras’ shuttle tanker fleet.Shuttle tankers transport crude oil from offshore oil fields to terminals, refineries or bigger tankers where subsea pipelines are not feasible.AqualisBraemar…

26 Feb 2021

Petrobras, SBM Offshore Sign LoI for Giant Búzios Field FPSO

An illustration of a Fast4Ward FPSO - The image doesn't reflect the final look of the FPSO Almirante Tamandaré/ Copyright © SBM Offshore

Brazilian oil giant Petrobras has signed a letter of intent with Dutch FPSO supplier SBM Offshore for the delivery of an FPSO to be deployed in the Búzios field in the Santos Basin, offshore Brazil.SBM Offshore will be responsible for the engineering, procurement, construction, installation, and operation of the FPSO, to be named the FPSO Almirante Tamandaré. The contract for the lease and operation is for 26.25 years. The FPSO will be the largest oil-producing unit operating offshore Brazil and one of the largest in the world…

24 Feb 2021

Report: SBM Offshore Only Bidder for Petrobras' Mero 4 FPSO

Illustration only; An FPSO offshore Brazil - Credit: Ranimir/AdobeStock - The image has been cropped

Brazil's state-controlled oil company Petrobras received only one proposal, from Dutch SBM Offshore, in a bid to contract construction of the Mero 4 oil platform [FPSO] in the Santos Basin pre-salt, two sources with knowledge of the matter told Reuters.Petrobras' business plan foresees Mero 4 entering operation in 2025 with a capacity to produce 180,000 barrels of oil a day.Petrobras and SBM declined to comment.One of the sources commented that it is the "first time in a long time that Petrobras has received only one proposal" in a bid…

23 Feb 2021

Samsung Heavy Settles Brazil Graft Investigation for $149M


South Korean shipbuilder Samsung Heavy Industries agreed to pay 812 million reais ($148.56 million) in a leniency deal with Brazilian authorities to settle corruption investigations, federal prosecutors said late on Monday.On its website, the prosecutor's office said the deal was part of a global negotiation between the company and U.S. and Brazilian authorities to settle alleged crimes over contracts with state-owned oil maker Petroleo Brasileiro SA.A Samsung Heavy representative confirmed the company signed a pact with Brazilian authorities but declined further comment…

18 Feb 2021

Fortescue CEO: Iron Ore Market to Remain Strong for Some Time

Port Hedland - Australia - Credit: Adwo/AdobeStock

The global iron ore market is likely to remain robust for some time, given supply concerns and stronger-than-usual demand from top consumer China, Fortescue Metals Group Chief Executive Elizabeth Gaines said on Thursday."Not only in China, but the ex-China activity is also picking up to pre-COVID levels," she told a media call. "Our view is that the market will remain robust for some time."In China, activity rates didn't slow as much as is normal for the Lunar New Year because not as many workers returned home, she said.

15 Feb 2021

Market Report: FPSOs ... Charting the Path Ahead

© Simon Peter / Adobe Stock

COVID-19 will continue to skew the floating production systems market for the coming 24 months, while buying power for a large portion of FPSO contracts will be centered in Brazil and Guyana/Suriname. These two areas are expected to account for more than 60% of the FPSO contracts awarded between 2021 and 2025.These are the findings shared in a recent floating production outlook report produced by International Maritime Associates (IMA) and World Energy Reports (WER).The 100+ page…

12 Feb 2021

Brazil's Slow Soybean Harvest Widens US Export Window

© Matyas Rehak / Adobe Stock

Harvesting delays in Brazil, the world’s top soybean producer, are prompting buyers led by China to rely on rival exporter the United States for longer than usual in 2021, according to government data and traders.Sustained demand for U.S. soybeans is accelerating an historic drawdown of U.S. supplies of the oilseed and could further drive up soybean prices at a time of rising food inflation as countries hoard staples during the pandemic.Concerns over tight global soybean supplies after China dramatically increased purchases in recent months ignited a 4.5% U.S.

11 Feb 2021

Wärtsilä Helps Siem Offshore Cut Emissions, Fuel Consumption

The Siem Helix 1 is one of two Siem Offshore well intervention vessels covered by a Wärtsilä Optimised Maintenance agreement. © Siem Offshore

Norwegian offshore vessel operator Siem Offshore has tapped Finnish maritime technology firm Wärtsilä to help it cut emissions and fuel consumption aboard two well intervention vessels.The two vessels, the Siem Helix 1 and Siem Helix 2, each operate with eight Wärtsilä 32 engines. The ships are operating in Brazil’s offshore oil fields.According to Wärtsilä, the 5-year agreement will ensure the optimal maintenance required to reduce the vessels’ fuel consumption and emissions…

10 Feb 2021

Offshore Services Firm OceanPact Completes $227 Million IPO

Brazil maritime services provider OceanPact Servicos Maritimos has concluded a 1.22 billion reais ($226.51 million) initial public offering, according to a securities filing on Wednesday.OceanPact priced the offer at 11.15 reais per share, at the bottom limit of the indicative range of up to 13.85 reais per share.The company raised 920 million reais in the offering, aimed at expanding its fleet of boats and buying other equipment, while shareholders sold about 300 million reais in shares.($1 = 5.3860 reais)(Reporting by Aluisio Alves; Writing by Jake Spring; Editing by Chris Reese)

09 Feb 2021

Iron Ore Imports Outside China Show Signs of Recovery

Crane unloads iron or at a port - Credit; martinfredy/AdobeStock

The iron ore market is focused mainly on developments in China, which isn't surprising given the world's biggest buyer of commodities takes about 70% of global seaborne cargoes.But that other 30% does matter - and there are signs of a recovery in demand in the wake of the coronavirus pandemic.The total global volume of seaborne iron ore discharged at ports in January was 134 million tonnes, according to vessel-tracking and port data compiled by Refinitiv.This was up from 122.82 million tonnes in December and 125.18 million in November…

01 Feb 2021

PDVSA Eyeing Export Options for Crude Oil from Nabarima FSO

The FSO Nabarima listing in the Gulf of Paria on October 16 (Photo: Fishermen and Friends of the Sea)

Venezuela's state-run oil company PDVSA has begun marketing about 570,000 barrels of Corocoro medium crude recently offloaded from a floating facility that was listing last year, two sources with knowledge of the offer said on Friday.Crude onboard the Floating Storage and Offloading facility (FSO) Nabarima, operated by a joint venture between PDVSA and Italy's Eni, started to be transferred to a tanker late last year amid environmental concerns from neighboring countries over a potential spill.About 1.3 million barrels of oil had remained stored at the FSO since early 2019…

28 Jan 2021

Far East Container Spot Rates to Brazil Rise 230.5% -BIMCO

© goktruj_06 / Adobe Stock

What started as a red-hot container market for Far East to U.S. trades has now spread to other routes, with rates from the Far East to Brazil seeing particularly high spot rates, BIMCO says. On January 24, 2021, the base freight rate for a forty-foot container from the Far East to the Port of Santos reached $9,299. Average rates for January are now 230.5% higher than they were in January 2020.Santos is the largest container port in South America, handling 4.2 million TEU in 2019 alone.The red-hot spot market is a result of the imbalance of trade over the past year…

27 Jan 2021

ABS to Class U.S. First Offshore Wind Farm Service Operation Vessel

Credit: ABS

Maritime classification society ABS will class the first U.S.-flagged Jones Act offshore wind farm service operation vessel (SOV) ever ordered.The vessel, ordered last year, will be engineered, constructed, and operated by Edison Chouest Offshore (ECO) for long-term charter to service the planned Revolution Wind, South Fork Wind, and Sunrise Wind offshore wind farms in the northeast United States.Edison Chouest Offshore, Ørsted, and Eversource in November 2020 announced the execution of a long-term charter agreement for the provision of the SOV.Matt Tremblay…

19 Jan 2021

Pandemic-Related Risks Top the List for 2021, says 10th Allianz Risk Barometer

© freshidea/AdobeStock

Business interruption, pandemic outbreak and cyber incidents -- three separate but 'strongly interlinked' matters -- lead the pack as the top threats to maritime in 2021, according to the 10th Allianz survey on risk in the maritime sector.The maritime industry, on its best day, is fraught with risk, as people, machinery and the bulk of world trade regularly traverses some of the most perilous conditions on the planet. According to the 10th Allianz Risk Barometer 2021 for the sector…

13 Jan 2021

Ocean 100: Profits from World's Seas Dominated by 100 Companies

© Ranimiro / Adobe Stock

Just 100 companies account for most of the profits from the world’s seas, researchers said on Wednesday, calling on them to help save the oceans from over-fishing, rising temperatures and pollution.Together, the companies generated $1.1 trillion in revenues in 2018, or about 60% of the total, according to a study that sets out for the first time which firms profit the most from marine industries.Oceans play a critical role in capturing planet-warming gases, absorbing around 25% of all carbon dioxide emissions.

11 Jan 2021

Baltic Index Extends Rally on Surging Chinese Coal Shipments

© masterskuz55 / Adobe Stock

The Baltic Exchange's main sea freight index climbed about 10% to its highest level in three months on Monday as soaring coal demand from China continued to power capesize rates higher.The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, jumped 155 points, or about 9.7%, to 1,761, its highest since mid-October last year.The capesize index gained 407 points, or about 16%, to 2,955, its highest since Oct.

11 Jan 2021

SSY Publishes Shipping Outlook for 2021

© Mike Mareen / Adobe Stock

After a highly volatile 2020, shipbroker Simpson Spence Young (SSY) looks at the next 12 months and highlights areas of particular interest in their 2021 Outlook Report. The report looks at various drivers of the shipping markets, including how the developing emissions regulations may affect commercial fleets and shipping investments.Contributions come from a range of senior research and broking experts and cover dry bulk, tanker and gas freight markets; shipping investments, CO2 emissions, FFAs, metals and energy derivatives.

06 Jan 2021

Samsung Delivers Eagle Pilar Shuttle Tanker to AET

Credit: AET

Oil tanker operator AET has taken delivery of the Eagle Pilar, a new Suezmax Dynamic Positioning (DP2) shuttle tanker. The vessel has been purpose-built for long-term charter to Brazil Shipping I Limited, a Shell subsidiary.The vessel was delivered on Wednesday by Samsung Heavy Industries (SHI) in South Korea.This 153,180 DWT DP2 vessel has been built in collaboration with DNV-GL and Eaglestar.According to AET, the vessel is operating to the highest operational and environmental standards, including full compliance with IMO NOx Tier 3 and SOx emission requirements.

05 Jan 2021

Shipbuilding: Wilson Sons Unveils Plan to Build Six Tugboats

Wilson Sons will start in the first quarter of 2021 the construction of six tugboats, at its shipyards in Guarujá (SP). Photo courtesy Wilson Sons

Wilson Sons will start in the first quarter of 2021 the construction of six tugboats, at its shipyards in Guarujá (SP), helping to grow the company's fleet, the largest in Brazil today with 80 tugboats. Click here to read a related story on the depth, breadth and growth of the Wilson Sons fleet from the November 2020 edition of Maritime Reporter & Engineering News.“The new series will contribute to the renewal of the fleet and will facilitate support for large ships that will stop over the next few years at Brazilian ports.

05 Jan 2021

There’s Room to Grow on Brazil’s Inland Waterways

(Photo: Hidrovias do Brasil)

Brazil’s waterways have enormous potential for commercial transport, but are still underused and inefficient in the country’s 12 river basins, according to Brazil’s National Transport Confederation (CNT). Of the 63,000 kilometers (km) that could potentially be used for inland navigation, only 19,500 km (30.9%) of the existing network is currently used commercially for cargo and passenger transport, leaving more than two-thirds unused.However, despite wasted opportunities, Brazilian rivers have registered an increase in transported volume in recent years…

30 Dec 2020

Petrobras Moves European Commercial Activities from London to Rotterdam

Port of Rotterdam - Credit: Gudellaphoto

Brazilian oil giant Petrobras will concentrate its European commercial activities in Rotterdam. This will result in the transfer of Petrobras Europe Ltd.’s commercial activities from London, England to Petrobras Global Trading B.V. in Rotterdam. The change will start in the next quarter and must be completed by the second half of 2021.The focus on Rotterdam is in line with the Petrobras policy of rationalizing its international presence in 2021, taking into account the world’s three major oil markets: Europe, North America and Asia.

23 Dec 2020

SBM Offshore, Shell Extend Brazil FPSO Term. SBM in Talks with Exxon Over Guyana Extensions

Espirito Santo FPSO/ ©SBM Offshore

Oil giant Shell has extended the contract for the lease of SBM Offshore's Espirito Santo FPSO in Brazil. SBM Offshore is also in talks with ExxonMobil to extend the FPSO terms in Guyana.The Dutch FPSO operator said Wednesday that the lease and operation contracts with Shell of the FPSO Espirito Santo would be extended for five years.This means that the end of the contractual lease and operation period was extended from December 2023 to December 2028.SBM Offshore is the majority owner of the lease and operating companies related to FPSO Espirito Santo with 51% equity ownership…

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