Vale to cooperate in the largest shiprepair yard in South America

By Finance

Vale S.A. has signed an agreement to cooperate in a project that aims to build the largest shiprepair yard in South America. The project is known as Brasil Basin Drydock Company (BBDC). Founding partners of the project are McQuilling and Promon Engenharia.

The new facility will be located in the Lucena's municipality, north of Cabedelo, and will be called Empressa de Docagens Pedra do Inga (EDPI). According to the project manager for the BBDC, Celso P. Souza, the first vessel have to enter the facility in about three years.

Vale will aid the progress of the project through implementation and advising on layout of the yard, equipment and outfitting. The commercial director of McQuilling Services, David Saginaw, commented:

"Vale stands apart as a unique entity for us, well-established in Brazil, and with a reach well beyond the borders of Brazil. Direct cooperation with Vale recognizes the importance of their global perspective with regard to repair requirements of both proprietary vessels and third party vessels calling at Vale installations," 

The site will be able to handle the giant Valemax vessels (VLOCs). It will feature two huge dry docks and one ship hydrolift/transfer facility. The investment in the facility has been estimated to be $ 700m.

A similar agreement for cooperation has already been signed with the Union of Brazilian Shipowners (Syndarma).

"We value highly the opportunity that cooperation with both Syndarma and Vale, S.A. brings to this project," added Saginaw.

Video: Brasil Basin Drydock Company