ShippingWatch

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.

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