The Federal Police of Brazil carried out sweeping raids on Monday over corruption probe into Brazil’s state-owned firms including Petrobras, and arrested an agent linked to alleged corrupted deals involving Singapore’s Keppel Corp.
SapuraKencana Petroleum's (SapKencana) fourth pipe-laying support vessel (PLSV) has started work for Petrobras and it is on track to expand its operations in Brazil, the company said in a stock market release.
Sembcorp Marine (Sembmarine) plunged SGD290m ($207.3m) into the red in 2015 due to provisions relating to its Sete Brasil contracts and other customers, as well as losses from associates, including Cosco Shipyard Group (CSG).
Bunker supplier Aegean Marine Petroleum Network Inc. has assembled a team to start operations in the South American market during the first quarter of this year.
While some shipbuilders are pulling our of Brazil Vard’s newest shipyard in the country Vard Promar has delivered its first vessel.
Transpetro has cancelled the last two of eight LPG carriers it was building a Vard Promar in Brazil.
Vale has completed the sale of four valemax VLOCs to ICBC Financial Leasing.
Hansa Heavy Lift has continued its expansion globally with new offices in Dubai and Brazil.
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.