• 2016 September 24 11:04

    MCO-B holds opening ceremony marking start of full-scale operations

    On September 21 (local time) MHI Compressor do Brasil Ltda. (MCO-B), a Brazilian joint venture (JV) established by Mitsubishi Heavy Industries Compressor Corporation (MCO), a Hiroshima-based Group company of Mitsubishi Heavy Industries, Ltd. (MHI), and Mitsubishi Corporation (MC), held an opening ceremony at its Head Office in Piracicaba, in São Paulo state, to mark the launch of full-scale operations.

    Plans call for MCO-B to develop the Latin American market for compressors, with a focus on expanding sales of compressors for use on Floating Production, Storage and Offloading systems (FPSO), a market expected to see robust demand as Brazil develops deepwater oil fields. Initially the JV will work to strengthen its sales and after-sale servicing functions, to be followed by the commencement of local manufacturing in the near future.

    The opening ceremony was attended by a large number of stakeholders including MCO President Hiroaki Osaki and guests. Guests included the Japanese Consul General in São Paulo, the mayor of Piracicaba, and representatives of major local and overseas clients and engineering firms such as Petroleo Brasileiro S.A. (Petrobras), Braskem S.A.

    MCO-B was established in March 2016 with MCO and MC having respective ownership stakes of 70% and 30%. The Head Office is located within a factory operated by NG Metalúrgica Ltda. (NGM), a Brazilian machinery manufacturer in a business tieup with MCO. Preparations have been under way here since April toward launching operations on full scale. MCO-B has a sales office in Rio de Janeiro staffed by employees who previously handled compressor operations at two MHI and MC affiliates headquartered in São Paulo city: Mitsubishi Indústrias Pesadas do Brasil Ltda. and Mitsubishi Corporation do Brasil, S.A. In this way, since MCO-B's launch efforts have focused on the creation of unified sales and maintenance systems.

    The opening ceremony was carried out in conjunction with the announcement of the start of full-fledged operations following the completion of preparation of sales and after-sale servicing structures manned by a total staff of 11. Going forward, collaboration with NGM, which performs some local assembly operations for orders placed for use within Brazil, will be further expanded, and maintenance, repair and other after-sale servicing functions will be strengthened to enable swift response to customer needs.

    Today Petrobras is undertaking a project exploring for oil in Brazil's offshore pre-salt layer. Over the long term, together with the broader Latin American market, considerable demand is expected for FPSOs, systems that require multiple compressors for gas compression, transportation, processing, etc. MCO meanwhile has been steadily building up its track record in the Latin American market. Since the 1990s the company has delivered more than 100 compressors and mechanical drive steam turbines; and since 2010, when it received its first order for carbon dioxide (CO2) gas injection compressors for installation on an FPSO, MCO has received orders for, and completed deliveries of, numerous compressors for FPSOs.

    The newly inaugurated MCO-B will also work closely with Mitsubishi Heavy Industries Compressor International Corporation (MCO-I), a Houston-based Group company that serves as a core manufacturing base for MCO in the Americas. Going forward, this collaboration will further boost the competitive position of MCO products within the Latin American compressor market.




2021 February 26

18:14 CADMATIC issued a certificate to ASCO's SRI Caspian Sea Project
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17:38 IBIA announces the result of 2021 board elections
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16:53 Volga Shipping Company opens river navigation season in the South of Russia
16:31 Port of Melbourne awards rail infrastructure contracts
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15:48 Container giant MSC to open new depot in North Sea Port
15:05 Rosmorport announces changing of Dickson seaport boundaries
14:43 Corvette Stoyky and tanker Kola of RF Navy's Baltic Fleet started anti-piracy watch in the Gulf of Aden
14:19 PortNews offers new edition of its Hydrotechnika magazine
13:30 New edition of PortNews magazine is available now
12:14 CMA CGM to dedicate six new LNG-powered vessels to U.S. services
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11:18 MPA awards LNG bunker supplier licence to Total Marine Fuels Private Limited
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10:45 MABUX: Bunker market this morning, Feb 26, 2021
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10:14 Port of Gdynia welcomes largest single delivery of wind turbine propeller blades in Polish history
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09:18 Baltic Dry Index as of February 26

2021 February 25

20:19 Bunker Weekly Outlook, Week 08, 2021
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17:53 Admiral Nevelskoy ferry leaves Saint-Petersburg for Sakhalin
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17:42 Finnlines Plc issues its Financial Statements 2020 and Financial Review for 2020
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17:31 ECSA: European shipping is central to the success of EU's new trade strategy
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16:19 BPO’s comprehensive ports report published today
16:15 Hiab to supply MV Commercial with 100 HIAB loader cranes
15:45 Rolls-Royce secures UK MOD funding for innovative technology to support naval autonomy
14:50 Consequences of COVID pandemic affect the Port of Hamburg’s 2020 throughput
14:25 Bunker prices are slightly up at the Far East ports of Russia (graph)
13:13 Nevsky Shipyard delivers Pola Gali, yet another ship of Project RSD59
13:07 DNV GL joins smart maritime network to enhance industry cooperation on digitalization
12:10 ClassNK grants its first remote survey notation for PCC ORCA ACE
11:32 NOVATEK and Shenergy Group sign SPA for LNG from Arctic LNG 2
11:04 “K”Line commences technical management of Singapore’s first LNG bunkering vessel “FUELNG BELLINA”
10:33 Telemar wins 50-vessel service and maintenance contract with Fairplay Towage group
10:21 MABUX: Bunker market this morning, Feb 25, 2021
10:13 BC Ferries releases its third quarter results
09:59 CMA CGM implements FAK rates from the Mediterranean, Adriatic, North Africa & Black Sea to the Indian Subcontinent
09:50 BC Ferries' fifth battery hybrid-electric vessel launched
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09:12 Baltic Dry Index as of February 24

2021 February 24

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17:26 ABS to class first ever Jones Act wind turbine installation vessel
17:16 Yangtze River Protection Law will come into force on 1st March, 2021
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16:28 Port of Antwerp deploys autonomous drones for safety enforcement
16:15 DFDS aims for greener ferries from alternative fuel project
15:51 Mordraga supports 4th International Congress “Hydraulic Engineering Structures and Dredging” as its Sponsor