Lula Vows Brazil’s Naval Industry Will Be as Good as the Air One

Shipbuilder in Santa Catarina state, Brazil The Brazilian government announced it will promote Brazil's shipbuilding industry not only to supply vessels and oil rigs for domestic demand but also to export them to the rest of South and Latin America.

"We've started a new policy to promote the building of new shipyards and updating existing ones so we can have a strong shipbuilding industry both for the local market and for exporting to other South American countries," said Brazilian President Luiz Inácio Lula da Silva.

"Brazil has the potential, technology and therefore we have a comparative advantage in world markets in a strategic sector such as is the manufacturing of oil rigs and other support vessels."

Lula made the announcements in his weekly radio program mentioning that last week he visited the state of Rio Grande do Sul in the extreme south of the country for the opening ground ceremony of a new dry dock, which will supply oil rigs and other maritime equipment for the development of deep sea huge oil and gas fields discovered offshore in the Atlantic area.

Brazil's government oil corporation Petrobras, which exploits most of the country's oil and gas resources, and has discovered giant deposits in the Atlantic Ocean is behind the project to develop the naval industry in Rio Grande do Sul.

Besides oil rigs Petrobras has contracted 26 new vessels for its merchant fleet. "We're talking of the rebirth of the Brazilian fleet and the empowerment of our maritime interests."

Lula said Brazil must pay every year over 8 billion US dollars in freight because it doesn't have the necessary cargo vessels.

"It's not possible that a country that ships 95% of its exports by sea doesn't have Brazilian flagged vessels," said Lula. In the 70s Brazil's merchant fleet was among the world's top five but without support and incentives the industry began to collapse and "reached the year 2.000 with a mere thousand workers in the whole industry."

Lula said that Petrobras oil rigs have an average international cost of a billion US dollars but built in Brazil 50 to 100 million US dollars could be shaved from the final price. "And that does not include resources, jobs, taxes and technology development for the naval industry."

"We must look ahead to the strengthening of the Brazilian nation and in treasuring the scientific and technological knowledge we have," said the Brazilian president who added that "Brazil in the short term will become the main reference in oil rig and vessels for the industry; our naval development can be and will be as successful as our air industry which manufactures and exports aircrafts all over the world," he concluded.

Tags:

You May Also Like

Brazil Summons G20 Members for Meeting This Weekend in Washington

Brazil's finance Minister, Guido Mantega, at the request of Henry Paulson, the US Treasury ...

Inside the Belly of Brazil’s Mysticism

Life for Lucille Bellucci began in Shanghai, China, where she grew up during WWII ...

Dance, Fight? London Gets a Taste of Brazil’s Capoeira

Visitors making their way to Baishaki Mela – the Bangladeshi New Year – were ...

Brazil’s Itaíº Bank Celebrating a C Rating by Moody’s

Moody’s, a leading international rating agency, has upgraded Banco Itau’s financial strength rating from ...

Inside a Brazilian bus

Cida – A Brazilian Entrepreneur

Most workers in Brazil work in the informal sector. The country’s leading expert in ...

New Fed Chief Gives Brazilian Bulls a Push

Brazilian stocks were up and Latin American stocks were mostly higher as well, as ...

Carioca Fernanda has won Brazil

After being the disco queen for a generation of teens in the 80’s Fernanda ...

There’s Still Time to Make Rio +20 Memorable for More Than Rio’s Picture-Perfect Scenery

I’ve been to many great cities around the world, but none surpass Rio’s stunning ...

Brazil’s Gol Joins Amadeus System for Global Ticketing

Brazilian Airline Gol and Amadeus, a company specialized in travel and tourism market, have ...

Brazil’s State Machine Shrinks

The 1990s in Brazil was a decade characterized by privatizations and a shrinking of ...