Estaleiro Atlântico Sul suspende operações por tempo indeterminado

Atlântico Sul Shipyard Suspends Operations Indefinitely

Written by Renato Oliveira

Published on 09/08/2019 at 01:00

Updated on 09/08/2019 at 09:28

Suspensão das atividades do Estaleiro em Ipojuca

Seja o primeiro a reagir!

Indefinite Suspension of Activities at Ipojuca Shipyard in Pernambuco Comes with a Debt of R$ 1 Billion to BNDES

The Atlântico Sul Shipyard (EAS) announced to its shareholders and employees that it is ceasing operations in Ipojuca (PE) indefinitely.
The shipyard’s owners, the Camargo Corrêa and Queiroz Galvão groups, will now try to negotiate debts amounting to R$ 1 billion with the BNDES, its main creditor.

The announcement came just over a month after the Shipyard delivered its last ship, the vessel “Portinari”, the last of the five aframax ordered by Transpetro.
Without revenue from that point onward, the shipyard had already laid off a large part of its workforce in Ipojuca. In 2014, at the height of its existence, EAS had 6,000 direct employees and over 1,000 outsourced workers, but by 2015 had to reduce its staff to 3,600 employees.

ARTICLE CONTINUES BELOW

The Debts

According to reports, the Atlântico Sul Shipyard has cash reserves of R$ 160 million, and on August 10, a R$ 20 million installment due to BNDES will mature.

The future of the shipyard is uncertain, and even a request for judicial recovery is not ruled out. While negotiating the debts, its owners are also seeking new orders and even potential buyers.
The owners had discussions with Satco, which was interested in acquiring the company, but the talks did not have a satisfactory conclusion.

Another attempt to secure orders was made with cabotage companies, but the uncertainties in the Brazilian shipbuilding industry, which is facing the expectation of the approval or not of a provisional measure that should facilitate the importation of new and used ships, hindered the negotiations.

The Atlântico Sul Shipyard was established in 2005 and has since accumulated losses of over R$ 1 billion. In 2018, EAS reported a net loss of R$ 70.1 million, and currently, the shipyard had fewer than 150 workers, with the expectation that only 30 will remain for maintenance tasks.

Atlântico Sul Shipyard Suspends Operations Indefinitely

Indefinite Suspension of Activities at Ipojuca Shipyard in Pernambuco Comes with a Debt of R$ 1 Billion to BNDES

The Debts

Seen from space, an image taken by an astronaut shows an unlikely oasis in the Saudi Arabian desert, protected by a terrain that slows the advance of sand, surrounded by green circles, remnants of an extinct lake and nearly 10,000 years of preserved history.

While the U.S. still faces limitations in deep space, China is developing unprecedented technology with strategic satellites that maintain communication with the far side of the Moon and aims for dominance by 2030.

In Botswana, a salt flat of up to 16,000 km² that was once an African megalake spends months as an absolute white desert, but during the rainy season it transforms into a shallow sea that reappears from nowhere and can be seen from space in the middle of southern Africa.

The Blood Falls of Antarctica hide a living ecosystem trapped under the ice for over 2 million years, where microbes survive without light, without oxygen, and without ever having seen the Sun.

Bavarian archaeologists unearthed a medieval skeleton that had an articulated iron hand in place of its left arm, and the discovery reveals that doctors were already creating sophisticated prosthetics over 500 years ago.

The CEO of Honor in Spain says that smartphones will change with AI, foldables, and even robot phones; the component crisis is making cheap models more expensive in 2026 and shifting the focus to premium.

Israel reaches Assaluyeh on March 18, 2026, deactivates refineries, and cuts up to 140 million cubic meters of gas per day, increasing blackouts and exposing Iran’s energy fragility.

With a pool in the bedroom and a glass gym, Zé Felipe’s mansion, still under construction, impresses during a tour of spacious and luxurious rooms in Goiânia.

Samsung launches Galaxy A57 5G and Galaxy A37 5G in Brazil with advanced AI, 50 MP camera, and up to 6 years of updates.

New noise radar starts to penalize irregular exhaust, excessive sound, and modified vehicles, and the technology is already changing the enforcement of noisy motorcycles and cars in Taiwan.

The probe that passed by Saturn nearly 20 years ago captured something that no one expected — and only now have scientists deciphered complex organic molecules coming from an ocean hidden beneath the ice.

Atlântico Sul Shipyard Suspends Operations Indefinitely

Indefinite Suspension of Activities at Ipojuca Shipyard in Pernambuco Comes with a Debt of R$ 1 Billion to BNDES

The Debts

Seen from space, an image taken by an astronaut shows an unlikely oasis in the Saudi Arabian desert, protected by a terrain that slows the advance of sand, surrounded by green circles, remnants of an extinct lake and nearly 10,000 years of preserved history.

While the U.S. still faces limitations in deep space, China is developing unprecedented technology with strategic satellites that maintain communication with the far side of the Moon and aims for dominance by 2030.

In Botswana, a salt flat of up to 16,000 km² that was once an African megalake spends months as an absolute white desert, but during the rainy season it transforms into a shallow sea that reappears from nowhere and can be seen from space in the middle of southern Africa.

The Blood Falls of Antarctica hide a living ecosystem trapped under the ice for over 2 million years, where microbes survive without light, without oxygen, and without ever having seen the Sun.

Bavarian archaeologists unearthed a medieval skeleton that had an articulated iron hand in place of its left arm, and the discovery reveals that doctors were already creating sophisticated prosthetics over 500 years ago.

The CEO of Honor in Spain says that smartphones will change with AI, foldables, and even robot phones; the component crisis is making cheap models more expensive in 2026 and shifting the focus to premium.

Scientists discover unexpected climate benefit hidden in forest soils related to atmospheric methane absorption.

Sandy unproductive land can become a highly profitable area with a simple technique that boosts soybeans and corn to over 100 sacks.

The new Kia hatch will have a range of up to 480 km, may cost up to 25,000 euros (around R$ 150,000), and promises to become one of the most affordable electric cars in Europe; meet the Kia Picanto Electric.

Viih Tube, former BBB contestant and millionaire, lives in a mansion worth R$ 8.5 million with a heated artificial lake, two cinemas, a complete spa, and a giant playroom of 120 m² for the couple’s children.

Labor shortages in the construction industry in the United States surge, and 499,000 workers need to be urgently hired to fill open positions and support ongoing large-scale projects.

Israel reaches Assaluyeh on March 18, 2026, deactivates refineries, and cuts up to 140 million cubic meters of gas per day, increasing blackouts and exposing Iran’s energy fragility.

With a pool in the bedroom and a glass gym, Zé Felipe’s mansion, still under construction, impresses during a tour of spacious and luxurious rooms in Goiânia.

Samsung launches Galaxy A57 5G and Galaxy A37 5G in Brazil with advanced AI, 50 MP camera, and up to 6 years of updates.

New noise radar starts to penalize irregular exhaust, excessive sound, and modified vehicles, and the technology is already changing the enforcement of noisy motorcycles and cars in Taiwan.

The probe that passed by Saturn nearly 20 years ago captured something that no one expected — and only now have scientists deciphered complex organic molecules coming from an ocean hidden beneath the ice.