Petrobras signed this week with the company Hidrovia South American Logistics SA, in a ceremony held in the headquarters of the Company, in Rio de Janeiro, the last six contracts of EBN2 Program (Brazilian Shipping Companies). The contract refers to the chartering of six Panamax-class ships of 63,500 dwt each, five-moving light products (like gasoline and diesel) and one for the transport of dark products (oil, for example).
The company Hidrovia South American Logistics SA belongs to the group NSAL (Navios South American Logistics Inc), an association between the NAVIOS - Navios Maritime Holdings Inc. (NYSE: NM) and the Argentine group Horam.
The EBN is the charter for the period of 15 years, from ships to be built by Brazilian companies in shipyards located in Brazil. The program also requires the registration of the vessel must sail under the Brazilian flag for the duration of the contract. There were two phases: EBN1 and EBN2. In the first 19 vessels were chartered and 20 vessels in the second.
The program is part of a series of initiatives by Petrobras to boost shipbuilding in Brazil and the 39 ships will be built in shipyards in Brazil, in the period of 2011 to 2017.
With this initiative, Petrobras contributes to the revitalization of the shipbuilding industry in Brazil, bringing national alternatives for meeting the demand of transport in coastal, strategic activity, accounting for 80% of shipping Petrobras, as well as reducing exposure to volatile international freight market.
The EBN is aligned with the guideline of Petrobras to invest and act in partnership with the national business, for the development of the country. It is estimated that the program contributes to the creation of nearly 30 000 direct and indirect jobs during construction, and more than two thousand permanent jobs throughout the operating life of ships.
The expectation, from the standpoint of the wider shipping industry in Brazil is creating a community of significant liquid bulk shipping under the Brazilian flag, initially with great focus on coastal and in the future, enabling it to act also in the international long-haul routes linked from the Brazilian market.
The company Hidrovia South American Logistics SA belongs to the group NSAL (Navios South American Logistics Inc), an association between the NAVIOS - Navios Maritime Holdings Inc. (NYSE: NM) and the Argentine group Horam.
The EBN is the charter for the period of 15 years, from ships to be built by Brazilian companies in shipyards located in Brazil. The program also requires the registration of the vessel must sail under the Brazilian flag for the duration of the contract. There were two phases: EBN1 and EBN2. In the first 19 vessels were chartered and 20 vessels in the second.
The program is part of a series of initiatives by Petrobras to boost shipbuilding in Brazil and the 39 ships will be built in shipyards in Brazil, in the period of 2011 to 2017.
With this initiative, Petrobras contributes to the revitalization of the shipbuilding industry in Brazil, bringing national alternatives for meeting the demand of transport in coastal, strategic activity, accounting for 80% of shipping Petrobras, as well as reducing exposure to volatile international freight market.
The EBN is aligned with the guideline of Petrobras to invest and act in partnership with the national business, for the development of the country. It is estimated that the program contributes to the creation of nearly 30 000 direct and indirect jobs during construction, and more than two thousand permanent jobs throughout the operating life of ships.
The expectation, from the standpoint of the wider shipping industry in Brazil is creating a community of significant liquid bulk shipping under the Brazilian flag, initially with great focus on coastal and in the future, enabling it to act also in the international long-haul routes linked from the Brazilian market.