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Promar Ceara to build Transpetro

Promar Ceara to build Transpetro
Promar Ceara has has been confirmed as the winning bidder for a $536m contract to build eight gas carriers for Transpetro, the shipping arm of Brazilian energy giant Petrobras.

Promar Ceara to build Transpetro gas carriers

Promar Ceara has has been confirmed as the winning bidder for a $536m contract to build eight gas carriers for Transpetro, the shipping arm of Brazilian energy giant Petrobras.

The virtual yard has emerged as the winner of the bid to build 7,000 cu m, two 12,000 cu m and two 4,000 cu m gas carriers for Transpetro, despite needing to overcome a number of hurdles including selecting an exact location for its development and securing an environmental license for its construction.

Promar Ceara, a project put together by Paulo Haddad, the mastermind behind Atlantico Sul Shipyard in Suape, and with backing from STX Europe, has received commitments from the Merchant Marine Fund for the majority of the yard"s estimated cost of $130m.

Headed up by PJMR, a minority shareholder in the Atlantico Sul shipyard, Promar Ceara is replicating the model that has worked so successfully in Suape.

Atlantico Sul built its facility after signing a contract to build 10 suezmaxes in January 2007. It will become the first shipyard to launch part of Transpetro"s 49-tanker newbuilding program on May 3 with the floating of the first vessel being built at the yard.

www.turkishmaritime.com.tr

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