OSX Brasil gets $732 million products tanker order

OSX Brasil has added eleven 45,000 dwt medium range products tankers to the orderbook of its Açu Shipbuilding Unit. They are to be built for Kingfish do Brasil Navegação S/A, which will charter them to Petrobras. The approximate total value of the shipbuilding contract between Kingfish and OSX is US$ 732 million. Deliveries expected to be completed by 2017.

Kingfish do Brasil was set up by London-basedbKingfish Trading in March 2009 to provide maritime transportation and logistical solutions to the Brazilian oil and gas markets.

The tanker orders come within weeks of the signing of a contract between OSX and Sapura Navegação Marítima S/A for the construction of one PLSV (Pipe-Laying Support Vessel), for a total amount of approximately US$ 263 million.

“Fourteen shipbuilding projects now comprise OSX’s task list at our Açu Shipbuilding Unit. Our team will build, in São João da Barra, 11 MR tankers for Kingfish, 1 PLSV for Sapura Seadrill and realize the integration of FPSOs OSX-4 and OSX-5 for OGX. At OSX, each one of us is proud to be able to dedicate our work to the development of oil production in Brazil,” commented Luiz Eduardo Guimarães Carneiro, CEO of OSX.

March 12, 2012