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JOAO CANDIDO

May 8, 2010

Milestone launch at Brazil's Atlantico Sul

Brazilian shipbuilder Atlantico Sul last week marked a historic milestone with the launching of the 150,000 dwt tanker Joao Candido. The first in a series of ten Suezmaxes, it is also the first ship built under the PROMEF (Program for Modernization and Expansion of the Fleet). It is scheduled for delivery in August.

Initiated in 2004 by Transpetro, the marine transportation subsidiary of national oil company Petrobras, PROMEF is a key element of President Luiz Inacio Lula da Silva's plan to rebuild Brazil's shipbuilding industry.

Speaking at the launching ceremony, President Lula called the event a "self-affirmation" of an industry that had long been forgotten. At its peak, in the 1970's, the Brazilian shipbuilding industry had the world's second-largest order book. Today, it is on the way back. According to Transpetro, it has overtaken Turkey to gain the world's fourth largest order book for tankers. According to Transpetro President Sergio Machiado, PROMEF is creating 200,000 new jobs in Brazil and will lead to the savings of $500 million in foreign exchange annually.

Joao Candido, the largest ship thus far built in Brazil, has been built with technology supplied by Korea's Samsung Heavy Industries , which has a 10 percent stake in Atlantico Sul. The shipyard is the largest in South America and has a 400 m x 73 m building dock with two 1,500 ton goliath cranes.

Main dimensions, Joao Candido

Length OA: 274.2 meters

Length BP: 264 meters

Beam molded: 48 meters

Depth molded: 23.2 meters

Draft design: 17 meters

Service speed: 14.80 knots

Main engine: Doosan MAN B&W: 6S70ME-C7

MCR 22,920 BHP @ 91 RPM


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