Engineering conglomerate Odebrecht SA [ODBES.UL] expects aviation regulator Anac to approve the sale of its stake in Brazil's second busiest international airport to HNA Airport Holding Group Co Ltd [HNAIDD.UL] within 90 days, newspaper Valor Econômico reported on Wednesday. Cabinet minister Wellington Moreira Franco said last month the Chinese company, part of HNA Group Co... Continue Reading →

  05/22/2017   Press Release / Rodrigo Feria Even in a period of low sales and slowed growth, some companies in the maritime market continue with plans to expand the fleet. An example of this is the Brazilian offshore company CBO Group, which resumed its partnership with Sotreq, a 75-year-old company in the market and one... Continue Reading →

23/05/2017 The uncertainties brought by the political crisis have left the oil and gas and electric power industries apprehensive about the resumption of investments in the country and the agendas that were in progress. Among the oil companies, the perception is that the auctioning schedule announced by the current Ministry of Mines and Energy (MME)... Continue Reading →

Tue May 23, 2017   Odebrecht Óleo & Gás SA, the offshore oil drilling firm owned by Brazil's Odebrecht SA, reached an agreement with more than 60 percent of its creditors for a restructuring of about $5 billion in debt, it said in a statement on Tuesday. OOG, as the company is known, had told Reuters... Continue Reading →

Brazil's annualized inflation rate likely eased below 4 percent in the middle of May for the first time in nearly ten years, according to economists surveyed by Reuters, leaving conditions ripe for the central bank to cut interest rates at the end of this month despite growing political uncertainty. Brazilian consumer prices likely rose just... Continue Reading →

Brazilian assets resumed a selloff Monday as investors fled what had been one of the most popular trades in emerging markets. The real and local stocks were among the world’s worst performers as President Michel Temer’s support deteriorated further over the weekend, days after an audio recording emerged in which he appeared to endorse illegal... Continue Reading →

May 19th, 2017 Wärtsilä is forming partnerships with a number of shipyards to assist in meeting new International Maritime Organization (IMO) standards that will come into effect in September this year for the management of ballast water in ships. According to the Finnish company, the objective is to provide shipowners and operators with all the... Continue Reading →

Demonstrators gathered across Brazil on Sunday to call for the resignation or ouster of President Michel Temer who is implicated in a widening corruption scandal that is undermining his government's fragile efforts to end a historic recession. Scattered demonstrations took place in cities including São Paulo and Rio de Janeiro, where hundreds of demonstrators marched... Continue Reading →

Brazil's Supreme Court released explosive plea-bargain testimony on Friday accusing President Michel Temer, along with former presidents Luiz Inacio Lula da Silva and Dilma Rousseff, of receiving millions in bribes. The testimony raises serious doubts about whether Temer, who replaced the impeached Rousseff last year, can maintain his grip on the presidency amid the string... Continue Reading →