The Federation of Industries of the State of Rio de Janeiro has unveiled a detailed report on Brazil’s maritime market, with a special focus on Rio de Janeiro. This report is one of the key sources we use to validate information for WSB One, the largest and most comprehensive database in the market.
Key Highlights:
Economic Power
- The Oil & Gas (O&G) sector represents 15% of Brazil’s industrial GDP.
- Approximately 96% of this activity takes place in offshore fields, primarily along the coast of Rio de Janeiro.
- Significant growth over the past 20 years, driven by advancements in deep and ultra-deep water oil and gas production.
Evolution of the Maritime Support Fleet
- 1997: Market demand was for 137 vessels. The Brazilian fleet had 32 vessels, with 105 chartered from abroad.
- 2014: Global demand peaked. The fleet in Brazil comprised 500 vessels (243 Brazilian and 257 foreign).
- March 2024: The current fleet consists of 434 vessels (371 Brazilian and 63 foreign).
- Details of the current fleet: 201 PSVs/OSRVs; 63 LH/SVs; 61 AHTS; 25 crew/FSVs; 20 MPSVs; 19 RSVs; 17 PLSVs; 9 Flotels; 5 WSVs; 2 CTVs; 1 SESV; CSV and DSV.
- Brazil leads the world in AHTS vessels with over 15,000 BHP: 36 out of 235.
Investments
- Petrobras plans to contract 38 new maritime support vessels (PSVs, OSRVs, RSVs) by 2030 for contracts ranging from 8 to 10 years.
- US$ 10 billion has been invested in building 210 OSVs over 20 years, with 76% of this investment coming from foreign companies.
Decommissioning
- Petrobras plans to invest US$ 16 billion in decommissioning 23 vessels by 2028, with a major focus on the Campos Basin. An additional 40 vessels will be decommissioned beyond this period.
- The Port of Açu in São João da Barra handles over 70% of the offshore support for the basin and is well-positioned to meet this demand.
Rio de Janeiro
- It is the central hub of the Brazilian maritime market.
- A major driver of naval demand, particularly due to the offshore oil and gas market, which accounts for 85% of Brazil’s oil production and nearly 75% of its gas production.
- In addition to the O&G sector, Rio de Janeiro also benefits from emerging markets such as offshore wind energy, defense, logistics, maritime support, fishing, and tourism.
- The state hosts 24 of the country’s 49 shipyards and naval yards, representing the largest operational naval park in Brazil. Of the large shipyards in the country, 50% are located in the state.
