
Petrobras, through its logistics subsidiary Transpetro, signed contracts worth R$2.8 billion (around US$570 million) on Tuesday for the construction of five gas carriers, 18 pushboats and 18 barges at shipyards in Rio Grande do Sul, Amazonas and Santa Catarina, as part of a government-backed effort to revive Brazil’s shipbuilding industry and reduce reliance on chartered vessels.
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Brazil's State-run oil company Petrobras and its subsidiary Transpetro Monday signed a contract for the building of four Handy-class tankers, each costing US$ 69.5 million, with a total investment of US$ 278 million. The new ships will become a part of Petrobras' Fleet Renewal and Expansion Program. The ceremony in Rio Grande do Sul was attended by President Luiz Inácio Lula da Silva, Vice-President Geraldo Alckmin, and other officials.