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Rio Grande shipyard
Rio Grande shipyard (Source: Ecovix)
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Transpetro Bid

By Rafael BortolotiNovember 18, 2024 at 11:43 AM1 min read
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By Alexandre Vilela

The Transpetro – Petrobras Transporte S. A. TP-25 Shipbuilding Program

The tender for the first four handy-size tankers (15-18 thousand DWT) of Transpetro’s TP-25 shipbuilding program has received a bid from shipyard Rio Grande S.A, in partnership with Mac Laren. Among 20 pre-qualified bidders, this offer quotes around USD 75 million per vessel—a total of USD 300 million for all four units, or approximately BRL 1.7 billion.

The absence of additional contenders and adherence to deadlines, notably without repeated postponements, indicate that Transpetro is moving decisively forward, on their commitment to meeting fleet renewal demands pushing for market alignment. This approach also highlights the potential for Brazilian shipbuilding costs to benefit from scale, achieving greater competitiveness with shipbuilding leaders, especially China.

WSB Advisors is proud to have acted as advisors to the offering group in this tender. As the process advances to the negotiation and approval phases, several critical steps remain before the contract can be finalized.

This article was produced by Westhon Media for One Energy News.