Transpetro Invests $239m in Barges & Towboats

Transpetro and Estaleiro Rio Tietê signed in late November, in Ribeirão Preto (SP), an agreement for the construction of 80 barges and 20 tugboats, which will make up convoys for the transportation of ethanol on the Tietê-Paraná Waterway. The new shipyard will be built in Araçatuba (SP).In August, Estaleiro Rio Tietê won the bid for the construction of the new waterway fleet to be operated by Transpetro.
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Source: MarineLink