The shipbuilder will also supply equipment and is looking to take advantage of opportunities being created in South America.

Kjell-Peder Overvag, head of Havyard in Brazil, said: “Petrobas has almost stopped awarding contracts for new ships.

“The most successful projects have been those where shipowners have set up their own yards and managed them themselves.

“CBO is a company of that kind and that is why it is a big feather in Havyard’s cap to be chosen by them.”

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