Wilson Sons to Build 2 OSRVs and One PSV for Geonavegação

Wilson Sons to Build 2 OSRVs and One PSV for Geonavegação

Brazil’s Wilson Sons Limited has signed a contract with Geonavegação S.A., wholly owned subsidiary within the Georadar Group, for the construction of two Oil Spill Recovery Vessels (“OSRV”) with 1,080 m³ of recovered oil storage capacity and one Platform Supply Vessel (“PSV”) with deadweight of 5,000 t.

The vessels, which are scheduled for delivery in 2015, will be built in Wilson Sons’ shipyard complex, in Guarujá(SP), and have a total price of approximately BRL 293 million, when converted with the exchange rate on July 1, 2013. The contract shall be effective upon payment of the first installment for each vessel limited to 90 days after contract signature.

The strategy of Wilson Sons Shipyard comprises the construction of a mix between owned and third-party vessels, as well as providing repair, maintenance and dry docking services to meet the demand of national and international oil and gas companies operating in Brazil. The shipyard’s order book now includes twelve tugboats and seven support vessels, of which three are PSV4500 for Wilson Sons Ultratug Offshore, one Remotely Operated Vehicle Supply Vessel (“ROVSV”) for Fugro Brasil Serviços Submarinos e Levantamentos Ltda, and two OSRV and one PSV5000 for Geonavegação S.A.

Wilson Sons, through its subsidiaries, is one of Brazil’s largest providers of integrated port and maritime logistics and supply chain solutions. With a business track record of 175 years, the Company has developed an extensive national network and provides a comprehensive set of services related to domestic and international trade, as well as to the oil and gas industry. Its principal operating activities are divided into the following lines of business: Port Terminals, Towage, Logistics, Shipping Agency, Offshore Vessels, and Shipyards.

Press Release, July 3, 2013

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