Brazilian shipbuilder Ecovix is planning to sell its Rio Grande shipyard in southern Brazil.

One of the lawyers overseeing its judicial recovery process, Alexandre Faro, told BNamericas: "The goal is to create conditions so as not to depend only on the recovery of the oil and gas sector."

The group's debt is estimated at more than BRL 7bn ($1.8bn).

The sale is part of its bankruptcy protection process approved by creditors at the end of June.

According to Faro, in the next two years Ecovix will concentrate on developing a business plan to broaden the yard's scope into port services and metals before any disposal.