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Petrobras cancels offshore vessel contract

Bnamericas Published: Tuesday, April 19, 2016
Petrobras cancels offshore vessel contract

Brazil's state-run oil company Petrobras has terminated a contract with Norway's Havila Shipping for an offshore supply vessel.

The Havila Fortress vessel had been contracted to Petrobras until July, the Oslo-listed company said in a statement on Tuesday.

"The contract was blocked by local tonnage and the certificate needed for operation in Brazil was not renewed," Havila said.

Foreign-flagged vessels can be barred from operating in Brazilian waters – regardless of contractual obligations – if there is an available local ship built to the same specifications.

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