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Brazil–Europe green shipping corridors move toward commercial design

Brazil, Norway and the Netherlands are evaluating specific routes for what could become the first deep-sea green shipping corridor connecting Brazil and Europe. A feasibility study identified three priority routes: Vila do Conde–Karmøy Santos–Rotterdam Pecém–Rotterdam...

Brazil creates a new framework for critical minerals

Brazil has enacted a new legal framework for critical and strategic minerals, establishing the National Policy for Critical and Strategic Minerals and creating the National Council for the Industrialization of Critical and Strategic Minerals. The policy seeks to move...

São Paulo court caps contractual retention at 25% in a timeshare agreement on grounds of excessive burden

In a ruling reported on September 16, the 1st Civil Court of Olímpia (State of São Paulo) ordered the developer to refund 75% of the amounts paid by a buyer who sought termination of a timeshare purchase agreement. Although the penalties formally complied with the...

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Competitive neutrality and the return of brazilian shipbuilding

Competitive neutrality and the return of brazilian shipbuilding

Transpetro President Sérgio Bacci has stated that the procurement model adopted for the company’s recent vessel acquisition programs allowed Brazilian shipyards to compete on equal terms with international yards. The tenders were structured as open international...

Petrobras expands its West African upstream portfolio

Petrobras expands its West African upstream portfolio

Petrobras has completed the acquisition of a 27.5% interest in Block 4, offshore São Tomé and Príncipe. The company joins a consortium comprising Shell, as operator, Galp and the local petroleum authority. The acquisition complements Petrobras’ existing interests in...

Cabotage recovery supports maritime investment

Cabotage recovery supports maritime investment

Brazil’s cabotage market recorded growth of approximately 5.6% in the second quarter, indicating continued recovery in domestic coastal shipping. The increase reflects stronger cargo volumes and growing demand for alternatives to long-distance road transportation....

Record VLCC contracting and the tightening tanker market

Record VLCC contracting and the tightening tanker market

Global contracting of very large crude carriers has reached historically high levels, according to MSI, reflecting renewed confidence in long-term oil transportation demand and the need to replace aging tanker capacity. The increase in orders occurs as shipowners...

Shipbuilding qualification and the return of Mauá

Shipbuilding qualification and the return of Mauá

Mauá’s receipt of the necessary tax clearance certificates strengthens its ability to participate in public and private tenders. Tax, labor and social security regularity is generally a key qualification requirement in procurement procedures and may also affect access...

Industrial policy and the localization of clean-energy supply chains

Industrial policy and the localization of clean-energy supply chains

Governments worldwide are increasingly combining energy transition policies with local manufacturing incentives and supply-chain security requirements. Brazil’s proposed battery auction model follows this global trend by seeking to attract manufacturers while...

PDE 2035 projects R$ 3.5 trillion in energy investment

PDE 2035 projects R$ 3.5 trillion in energy investment

Brazil’s final Ten-Year Energy Expansion Plan for 2035 projects approximately R$ 3.5 trillion in investment across the country’s energy sector. The plan estimates that installed electricity generation capacity will increase from approximately 255 GW to 367 GW by 2035,...

South America’s offshore expansion and the competition for capacity

South America’s offshore expansion and the competition for capacity

South America’s offshore markets are experiencing strong expansion, supported by developments in Brazil, Guyana, Suriname and other emerging production areas. This growth is occurring against a backdrop of geopolitical instability, supply-chain constraints and...

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