Petrobras signed three Time Charter Party vessel-commissioning contracts with Brazilian Shipping Companies (BSCs). The signing ceremony was held, at the company’s main office building (Edise), in Rio de Janeiro.

The initial contracting is for nine vessels for 15-year terms. The
vessels, to be built in Brazil and by BSCs, are expected to set sail
between 2011 and 2014.

Three vessels, of approximately 4,500 DWT (Dry Weight Tons), will be
used to transport bunker (maritime fuel) and were contracted from
Navega??o S?o Miguel Ltda.; three others, of approximately 2,500 DWT
and also to be used for bunker transportation, were contracted from
Delima Com?rcio e Navega??o Ltda.; and the remaining three, of
approximately 45,000 DWT and to be used to transport clear products,
were contracted from Global Transporte Oce?nico S.A.

In total, 19 vessels will be contracted under this program, which is an
inseparable part of a set of initiatives Petrobras has undertaken to
drive naval construction in Brazil. The initiative is aimed to reduce
maritime fleet dependence on the external market and generate jobs,
always using international cost and quality parameters as reference.

Source: TB Petroleum

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