STX OSV to build eight LNG carriers

21 November 2011 (Last Updated November 21st, 2011 18:30)

STX OSV Holdings has received a $536m contract from Petrobras Transportes, a unit of Brazilian energy firm Petroleo Brasileiro, to build eight liquefied petroleum gas (LPG) carriers.

STX OSV Holdings has received a $536m contract from Petrobras Transportes, a unit of Brazilian energy firm Petroleo Brasileiro, to build eight liquefied petroleum gas (LPG) carriers.

The shipbuilder signed the contract for the vessels with Petrobras Transporte in July 2010, but had not included it in its orderbook.

The contract involves the construction of two different types of LPG carriers, which will be designed by Hamworthy.

Ships will be fully pressurised with cargo capacity of 7,000m3 (four units) and 4,000m3 (two units), and semi-refrigerated with cargo capacity of 12,000m3 (two units).

LNG carriers are scheduled to be delivered between 2014 and 2016 from the company’s new shipyard, which is currently under development at Suape in the state of Pernambuco, Brazil.

STX OSV Holdings previously said that orders for offshore vessels may rebound next year as energy prices rise and credit markets improve.

STX OSV expects to secure orders for supply vessels as Petroleo Brasileiro, Royal Dutch Shell and other companies explore new oilfields, following crude’s 30% jump in the last two years.

The Norway-based vesselmaker missed its order expectations in the third quarter as the European debt crisis made it difficult for shipping companies to secure loans, according to Bloomberg.

South Korea-based STX Group had previously acquired the offshore vessel builder by taking over Aker Yards, which was completed in February 2009.

It sold off a stake in an initial public offering about a year ago, after which Aker, which also builds cruise ships, was subsequently renamed STX Europe.

Petrobras previously said that it requires 94 floating production, storage and overloading vessels (FPSOs) and 65 drill rigs in the next nine years to explore the ultra-deep pre-salt oil deposit.

Petrobras is currently building eight hulls for FPSOs; 19 more are planned for 2015, another 35 are set to be constructed immediately after that, and this will be followed by the final 32.

STX OSV recently won a contract from Remøy Fiskeriselskap earlier this month to build an Arctic trawler, which will be built to the Skipsteknisk ST-117 design.

The hull of the vessel will be configured at STX OSV in Romania and will be 74m in length with a beam of 16m.

The vessel is scheduled to be delivered from STX OSV Brattvaag in Norway in the third quarter of 2013.

Earlier this month the Singapore-listed shipbuilder of offshore and specialised vessels won contracts from Island Offshore to build four platform supply vessels (PSVs) with a combined value of NKr1bn ($177.38m).

Each of the 3,800dwt vessels will have a length of 84.3m, a beam of 17m and will be based on Rolls Royce’s UT 717 CD design.

The first two vessels are expected to be delivered in the third and fourth quarter of 2013 respectively, and the other two vessels are scheduled for delivery in the first quarter of 2014.

The hulls of the vessels will be delivered from STX OSV Braila in Romania.