Transpetro finalizes STX OSV LPG carrier order

osxtranspetmicroSTX OSV Holdings Limited reports that a contract for eight LPG carriers for Petrobras Transportes S.A. (Transpetro) has been made effective.

The contract for the construction of LPG carriers was originally signed in July 2010, but not yet included in the orderbook. The total value of the contract is approximately $536 million, boosting the shipbuilder's orderbook by approximately NOK 3 billion.

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Fully Pressurized LPG Carrier 7,000 cu.m

The contract provides for the construction of two different types of LPG Carriers, designed by Hamworthy: Fully pressurized with cargo capacity of 7,000 cu.m (four units) and 4,000 cu.m (two units) and semi-refrigerated with cargo capacity of 12,000 cu.m (twounits).

The vessels are scheduled to be delivered between 2014 and 2016 from STX OSV's new shipyard currently under development at Suape in the state of Pernambuco, Brazil.

November 20, 2011

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