Transpetro, Shipping Arm of Petrobras, Signs Contract & Builds 8 LPG Carriers
STX Norway Offshore AS and partner PJMR Empreendimentos Ltda has through its subsidiary Estaileiro Promar S.A entered into contracts for building of eight LPG Carriers at the new shipyard in Brazil. The value of the contract is approximately US $536 million.
On July 9, 2010 Estaleiro Promar S.A. signed 8 contracts to build LPG Carriers for Transpetro, the shipping arm of the Brazilian oil giant Petrobras (NYSE:PBR). The contracts amounts US $536 million, comprising the construction of two different types of LPG Carriers: fully pressurized with cargo capacity of 7.000 m3 (4 units) and 4.000 m3 (2 units) and semi-refrigerated with cargo capacity of 12.000 m3 (2 units).
As is attested by the report above, Petrobras – one of the many distinguished companies speaking at the 5th LPG Trade Summit – is dedicated to some serious investment in their shipping business and perhaps import capacity of LPG.
5th LPG Trade Summit, with the theme ‘Aligning the incremental export capacity with demand growth or competitive economics?’ takes a look at LPG in the shipping market – on the availability, trade route & freight rate.
The conference also zooms in on how the LPG industry is shifting towards the Western Markets like Europe, Latin America and the US Gulf.
We are currently finalizing the program details and will update the event schedule very soon.
Click here for a list of confirmed speakers and topic highlights to date.
