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The third and final day of UBM's Marintec South America saw a focus on the country’s shipyards and marine industries and issues around technological developments and productivity.

The opening ceremony of the Marintec South America 2015 conference and exhibition in Rio de Janeiro yesterday proved a huge success, confirming the strength of the resurgent Brazilian shipbuilding, maintenance and offshore industries, even in a time of economic uncertainty.

Keppel Offshore & Marine (Keppel O&M) has received no payments since November 2014 from Sete Brasil on six semi-submersible rigs it has on order from the Singapore yard group.

Sevan Marine has employed a law firm to investigate claims that a former manager and agent at the firm was involve in corruption in Brazil.

Brazil's planned port privatisation has been delayed futher and is now postponed until the first half of 2016.

The drive for protectionism and local content in the offshore oil and gas industry are facing issues of higher costs and lower production.

Svitzer has entered the Brazilian towage market by taking a controlling stake in harbour towage operator Transmar Serviços Maritimos.

Offshore vessel builder Vard saw no new orders in the first quarter of the year and is set to cut its workforce as part of a “strict cost-cutting programme”.

Damen Shiprepair Rotterdam (DSR) has been contracted by Teekay for year-long drydocking and conversion of FPSO Petrojarl I.

An executive connected to rig contracts from Sete Brasil won by Sembcorp Marine (SembMarine) in 2012 where alleged bribes were paid, has been arrested.

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