China’s steelmakers to supply steel to Petrobras’ naval transport company

26 July 2010

Sao Paulo, Brazil, 26 July – The price put forward by China’s steelmakers was the most competitive in a tender to supply 18,300 tons of steel for ship building, said that chairman of Petrobras Transporte (Transpetro), cited by the Brazilian press.

Sérgio Machado said that proposals had been put forward by 15 companies from 8 countries, including Brazil, to carry out the Programme for Modernisation and Expansion of the Transpetro Fleet (promef).

In order to build the ships to expand Transpetro’s fleet 680,000 tons of steel will be needed and, of that total, the company has already contracted 150,000 tons, with only a third of that total supplied by Brazilian companies, with the remainder supplied by companies from China, the Ukraine and South Korea.

Speaking at a seminar on mining and steel making, Machado also announced that the company had increased its steel needs for the next few years by 30,000 tons to 710,000 tons, due to the Programme for Modernisation and Expansion of the Hidrovia Fleet, which includes construction of 20 tugs and 80 barges for rover transport between Tietê and Paraná.

Transpetro is Latin America’s biggest ship owner and Brazil’s main fuel logistics and transport company, and is 100 percent-owned by Petrobras. (macauhub)