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Transpetro cancelling 17 tanker orders

Brazillian energy major Petrobras transport subsidiary Transpetro is cancelling orders for 17 tankers. The move seriously dashes government plans to try and revive the local shipbuilding scene.

“We decided to revoke the contracts for those ships,” Antonio Silvino, head of Transpetro, told reporters during a presentation at Rio Oil & Gas conference.

He added three other vessels, currently under construction at Petro Eisa 1 shipyard in Rio de Janeiro, could also be cancelled because the contractor is going through financial difficulties.

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Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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