Bloomberg News

Brazil Atlantico Sul to Renegotiate Transpetro Deal, Valor Says

March 26, 2012

Brazil’s Estaleiro Atlantico Sul SA shipyard is seeking to renegotiate the deadline to deliver 22 oil tankers to Petrobras Transporte SA, a unit of state- controlled oil company Petroleo Brasileiro SA (PETR4) known as Transpetro, Valor Economico reported, citing unidentified people close to the situation.

The first tanker in a group of ten Suezmax ships ordered for 2.75 billion reais ($1.5 billion) is delayed by a year and a half and may be delivered by the end of April, according to the Sao Paulo-based newspaper.

EAS originally agreed to deliver all 22 ships by 2016, according to Valor.

To contact the reporter on this story: Karen Eeuwens in London at

To contact the editor responsible for this story: Telma Marotto at

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