Ecovix Shipyard Announces That It Is About to Generate Revenue from Repair and Maintenance Works for Ships Serving Petrobras, Creating and Preserving Many Jobs

Ecovix Shipyard, Under Judicial Inspection, Plans New Repair and Maintenance Works and Announces, During Visit by Judge Fabiana Gaier Baldino, That Many Jobs and Investments Are Expected to Boost Naval Construction and RS

Yesterday (09/28), the Ecovix shipyard announced that advanced negotiations are underway for further repairs of vessels serving Brazilian oil giant Petrobras, and jobs will be preserved while many could be created. The good news came during a judicial inspection by Judge Fabiana Gaier Baldino, from the 2nd Civil Court of Rio Grande.

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The inspection continues the recovery process of the Group. The meeting also included representatives from the Public Prosecutor’s Office and the Judicial Administrator, the company.

Ecovix Announces New Business and Seeks to Diversify Activities and Generate More Jobs in the Naval Sector

The judge inspected all the work being carried out on site, highlighting the repair of the vessel Siem Helix I, which arrived at the dock exactly one month ago. At that time, the shipyard informed the magistrate about the prospects for new contracts and that the Group aims to diversify its activities and generate more jobs in the naval construction sector.

“The magnitude of a judicial recovery process like this is very complex. But, little by little, we are beginning to overcome the obstacles”, stated Dr. Fabiana, who praised the company’s efforts. “We have taken an important step. We are optimistic. Now we must stay this way, so that the process continues on the right path”, emphasized the magistrate, commending the dedication and commitment of Ecovix executives.

Robson Passos, the current CEO of Ecovix, highlighted the importance of the Judiciary’s role in the restructuring. For the executive, this is “important and decisive to generate legal security for business, allowing more partners to come here”. He also emphasized the relevant role of the Public Prosecutor’s Office, which has been contributing to the handling of the case.

Also participating in the visit were Public Prosecutor Nathália Swoboda Calvo, who expressed surprise and satisfaction with the “enthusiasm to rebuild” the naval construction shipyard, as well as lawyers João Medeiros Fernandes Júnior and Laurence Medeiros, from Medeiros & Medeiros Judicial Administration, who manage the process. “This recognition shows the company’s commitment to advancing the restructuring and generating new jobs”, states Laurence.

Ecovix is About to Secure Repair and Maintenance Contracts for Vessels Serving Petrobras

The Ecovix Group announced that advanced negotiations are underway to conduct repairs on two more vessels at the naval shipyard: the Siem Helix II, a well stimulation vessel operating for Petrobras in the Campos Basin, as well as the Siem Helix I; and the Seven Waves, from Subsea 7, which also operates with the Brazilian state company as a pipeline support vessel (PLSV).

If Ecovix secures the contracts, the new repair works are expected to ensure the maintenance of around 500 jobs created for the service, at least until the first quarter of 2022, in addition to boosting the economy of Rio Grande. “The confirmation of these investments will reinforce the shipyard’s relevance in this market, as well as the diversification of activities, bringing good prospects for the entire region”, points out Robson Passos.

It’s worth noting that, on August 28, the Rio Grande Shipyard resumed naval services with the arrival of the Siem Helix I, which will remain on-site for the coming days. The service is carried out in partnership with DockBrasil, a company from Rio de Janeiro that specializes in naval repairs.