Transpetro suspends order following late delivery Taken from: Tanker Shipping & Trade June/July 2012
Transpetro, the transportation arm of Brazilian oil company Petrobras, has suspended the purchase of 16 of the 24 oil tankers worth US$2.7 billion ordered from Estaleiro Atlântico Sul (EAS) (Atlântico Sul Shipyard) due to late delivery.
The company ordered these vessels as part of its US$5.41 billion fleet-renovation programme but the first vessels delivered by EAS were nearly two years late. The contracts will remain suspended until EAS meets certain conditions, including finding a....Please login to read the rest of this story
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