Offshore carriers could face huge deroute in Brazil

Several Norwegian supply companies have had their contracts canceled with Brazil's state oil company in the once-lucrative oil market. Virtually no foreign companies are winning new contracts in the country, sources tell ShippingWatch.

Photo: Petrobras

Foreign owners and operators of supply ships in the once lucrative Brazilian oil and gas market risk being phased violently out of the market as a result of the state-owned oil company's new approach to replace foreign vessels with its own idle ships.

Sources tell ShippingWatch that virtually no foreign shipping companies are being awarded new contracts in Brazil at this time. Norwegian daily Dagens Næringsliv also reports from sources that all ships set to renew existing contracts or which lack sailing permits will be returned to their owners. This allegedly affects between 20 to 30 vessels, many of which are Norwegian.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Further reading

Related articles

Latest news

See all jobs