The Atlântico Sul Shipyard, responsible for having generated 11 thousand jobs in the Port of Suape, in Pernambuco, is returning to the market after Judicial Reorganization and plans to enter other markets.

According to last year's balance sheet, despite the difficulties, the Atlântico Sul Shipyard once again had a cash generation capable of making the company anticipate the payments of its creditors. In the last year, the Atlântico Sul Shipyard, which operates in the Port of Suape, in Pernambuco, mitigated its loss by 89,4%, going to just R$33,3 million, which is very little compared to the R$317,2 million in 2020. thus, according to the balance sheet published last Tuesday (5), what allowed it to advance R$ 30 million to creditors was its return as a supplier of ship repairs essential for the market and the reduction of its debt.

Atlântico Sul shipyard generated revenues of R$ 65,4 million

In Judicial Recovery since 2020, EAS has until next year to no longer be considered in RJ. In the fiscal year ended in 2021, the company had as a milestone the debt restructuring of BRL 1.398,9 billion, which allowed gains from lower interest rate payments.

The shipyard generated revenues of R$ 65,4 million with services that make possible a net cash generation of R$ 26,6 million. It is worth remembering that Atlântico Sul Shipyard is a company of the groups Camargo Correa e Queiroz Galvao, where each group owns 50% of the shares. EAS had a plant built in Porto de Suape, in Pernambuco.

The plant produces large ships in an area of ​​1.600 hectares. The unit has one of the largest naval docks in the country, capable of housing several ships up to one million dwt and has two Goliath cranes, capable of lifting up to 1.500 tons each and up to 2.800 when together. In addition, the plant in the Port of Suape also has a mega 4.0 naval production infrastructure that allows it to operate in practically the entire naval sector.

EAS services around 11 ships and tugs and focuses on the return of the Brazilian ship repair market

The Atlântico Sul Shipyard, in the Port of Suape, is focusing on returning to the marine repair market, a segment that Brazil is very lacking. In two years, the company became a reference in the sector.

In the last year, the company carried out services on around 11 ships and tugboats, and currently has a portfolio of service contracts that allows it to occupy its dock area, dry production and naval wharf.

The company currently has 500 employees, but has already generated jobs for 11 people between 2007 and 2014, when Pernambuco was pointed out as a State in a situation of almost full employment.

According to Nicole Mattar, last year's balance sheet shows the effort and willingness of the Porto de Suape shipyard to get back on its feet. When Mattar started its activities, in 2008, it delivered 15 tankers and two oil platforms, however, in the last seven years, it has been suffering from the national economic crisis, which began in 2015, leading to the stoppage of activities.

Shipyard is looking for new business

According to Nicole, the company will make a new anticipation, complying with the PPJ schedule that estimates payments to creditors in the months of March and September.

According to the superintendent of the company from Pernambuco, EAS goes beyond ship repairs and is working on new businesses, such as the construction of support platforms for wind energy towers.

Brazil still needs to finalize the legislation for this new sector and is currently announcing the construction of a 106 GW wind farm, which will need several platforms.