4th Mare Forum Indonesia - The Next Maritime Eldorado of the East

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1 4th Mare Forum Indonesia - The Next Maritime Eldorado of the East March 22nd, Jakarta Indonesia Geopolitics The shift of power from West to East BRICS and the CIVETS Charles Tang President of The Brazil China Chamber

2 Brazilian Shipping Opportunities

3 Brazilian Ports Port of Santos Largest port in South America, handles around 25% of Brazil s foreign trade (by value). Santos lies 65 km from São Paulo, which is Brazil s largest city and the capital of the country s economically most important state. Port of Rio de Janeiro Brazil s second biggest city, Rio de Janeiro is Brazil s sixth biggest port and has an excellent infrastructure and logistics which linking it to the country s most important airports, highways and railroads. Source: China Transporte Logística

4 Brazilian Ports Port of Vitoria (Tubarão) Located on the northern stretch of Brazil s South-east Coast, it is the second largest in the country in terms of cargo value. Vitória is one of the ports most likely to benefit from Brazil s recent major off-shore oil discoveries. Port of Paranaguá Largest port for exports of soybeans in Latin America, and can also handle all types of cargo. It is Brazil s largest port for shipping grains and the second largest maritime terminal. Covering more than 2.3 million square meters, Paranagua port has a storage capacity of over 1.2 million tons of bulk cargo.

5 WHAT BRAZIL OFFERS Agriculture 农业 Iron ore & Steel 铁矿和钢铁 Electricity 电力 Renewable Energy 可再生能源 Oil & Gas 石油和燃气 Natural Gas 天然气 Technology 技术

6 Brazil President Dilma encourages Brazilian shipping industry through orders by Petrobras. President also continues PAC. In 2011 five new shipyards were contracted by the growing demands for the pre-salt, deep offshore oil deposits Increases the number of operators in exploration of oil and gas. Source: ANP July 2011 Dilma announced that by 2014, the government will expand and modernize the country's shipyards.

7 Government launches ship finance program (PROMEF 1 + 2) in 2011 through Merchant Marine Fund (FMM) and National Development Bank (BNDES). Discoveries (pre-salt) of at least 12 Billion Barrels will generate vast offshore shipping investments (over U$500 Bi in 10 years) in Oil & Gas and offshore shipping Brazil triples its trade volumes and relies more on exports of commodities to supply Asian demand.

8 Brazil Shipfinance is largely State led World Credit crisis and Brazil elects President Brazil s Default & Lula, Recession strangles ship finance in Brazil s Brazil becomes world s second largest shipbuilder thanks to govt program Promef 1 is launched.govt Ship finance program. Redeveloping local shipbuilding by renewing and expanding the Brazilian fleet 26 vessels ordered Merchant Marine Fund Board approves U$8 B for 161 projects Promef 2 announced for 2011 with new govt. led orders of 20 vessels including 3 Aframax and 4 Panamax Brasil achieved the 5th position as largest shipbuilder, exceeding India and Vietnam Until 2015, 49 oil and gas ships of huge size will be constructed by PROMEF.

9 Northeast: New Shipyards Paraguaçu - Bahia Bahia shipyard - Bahia EISA - Alagoas Alusa - Pernambuco STX-Promar (Suape) - Pernambuco Construcap (Suape) - Pernambuco Schhin-Tomé (Suape) - Pernambuco MPG shipyard (Suape) - Pernambuco Southeast: São Miguel - São Gonçalo, Rio de Janeiro Aliança - São Gonçalo, Rio de Janeiro Jurong - Espirito Santo Wilson, Sons in Guaruja, São Paulo South: OSX - Santa Catarina Wilson, Sons - Rio Grande do Sul Quip - Rio Grande do Sul WTorre (Rio Grande Phase 2) - Rio Grande do Sul

10 Brazil s Shipping Industry Petroleo Brasileiro SA (PETR4), Brazil s state-controlled oil company, booked the world s second-biggest oil tanker, according to Bloomberg Petrobras intends to invest U.S. $ 77.9 billion in Brazil in Abroad, the planned investments Petrobras has totals $ 9 billion Brazilian shipbuilding industry delivered 56 vessels in 2011 and produced 312 projects and 59,000 jobs in 2011 Petrobras/ Transpetro, ordered 49 (U$8.9 Billion) Brazil built vessels delivery by Will double fleet by to 101. Total orders - more than 350 vessels

11 The country is investing in the construction of oil tankers, oil platforms and support vessels. The world fleet of vessels is estimated at 1.3 billion tons deadweight (DWT) and Brazil s cargo across the oceans represents 6,2 million tons that will grow to 10 billion tons in 2020 Brazilian National Development Bank (BNDES) will invest U$11 Bi over the next 3 years in ship financing. Brazil s shipbuilding sector - liquid bulk, offshore and merchant fleet will be vastly expanded. Number of jobs in shipbuilding industry rose from 15,000 in 2005 to 40,000 in 2009 and 75,000 by By 2014 forecasts estimate that there will be 200,000 such jobs

12 Program for Fleet Modernization and Expansion (PROMEF) 49 ships ordered until 2015 in a second phase project (PROMEF I & II). Includes modernization of shipyards and creation of new production units - South Atlantic Shipyard (PE). PROMEF is based on three essential premises: 1. Ship production in Brazil 60 thousands new jobs 2. Minimal 65% nationalization level in a first stage and 70% in a second stage. 3. Provision of conditions for shipyard competitiveness. 49 new tanker order will ensure greater autonomy for Petrobrás and serve as the foundation for the revival of Brazilian shipbuilding industry. Program will generate over 200,000 direct and indirect jobs. SETE BRASIL has just been awarded 38 ocean rigs valued at US$ 28 billion and a charter contract value of US$ 90 billion.

13 PROMEF The program foresees orders of 49 ships: 10 Suezmax oil tankers 5 Aframax oil tankers 4 Panamax ships 12 product tankers 8 gas tankers to transport LPG (Liquefied Petroleum Gas) 4 Suezmax DP 3 Aframax DP 3 bunkers tankers Brazilian development bank financing. Adding 4 million DWT to the Transpetro fleet

14 PROMEF I Over the past three years, three shipyards were created: South Atlantic Shipyard, Port Suape, Promar Shipyard, both in Pernambuco, and Shipyard River Tietê, in São Paulo In the first phase the following shipyards were built to fulfill the orders: South Atlantic Shipyard (PE): 10 Suezmax - US$ 1.2 billion 5 Aframax - US$ 693 million Island Eisa Shipyard SA (RJ): 4 Panamax - US$ 468 million Maua Shipyard (RJ): 4 Handymax - US$ 277 million

15 In the second phase the following ships are being built: South Atlantic Shipyard SA (PE) - 4 Suezmax vessels DP - US$ 746 million - 3 Aframax vessels DP - US$ 477 million Superpesa Industrial Ltda. - 3 Carrying Bunker - US$ 46.5 million PROMEF II 16 vessels are in the final stage of bidding, 13 of the second phase and 3 gas tankers of 7,000 m³ of the first phase: - 3 vessels for light color products - 45,000 DWT; - 3 vessels for light color products - 30,000 DWT; - 2 vessels for dark color products - 30,000 DWT; - 2 semi-pressurized LPG gas tankers to transport 12,000 m³; - 2 Pressurized gas tankers 4000 m³; - 4 Pressurized gas tankers 7000 m³.

16 BRAZILMAX / CHINAMAX Vale has obtained a credit line of 1.23 billion dollars to build 12 Brazilmax (Chinamax) with 400,000 DWT capacity, 360m in length. Delivered in 2011 The credit operations of the CEF for the oil the financial institution, an additional $ 12 billion should be released this year. Oil and gas sector totaled $ 10 billion in According to recently figures released Credit line from China Ex-Im Bank and Bank of China Limited. Objective: reduction of transportation costs from Brazil to its main customers in Asia. Also, to help Vale to better compete with Australian miners BHP Billiton and Rio Tinto. In 2011 China imported a record of 686 million tons of iron ore, 11% more than 2010

17 Oil and natural gas production Brazilian record million barrels of oil and 24 billion cubic meters of natural gas

18 Brazilian Record In the last 10 years (2002 to 2011) the oil production had increased 45% and natural gas, 55% Compared with 2010, an increase of 2.5% in oil production and 4.9% in natural gas production. Regarding the burning of natural gas, a reduction of about 27% in 2011, compared to In 2010 n average of 4.8 MMM ³/ d were burnt in 2011 versus an average of 6.6 MMM ³ / d was also the best year for use of natural gas consuming about 92.7% of all natural gas produced in the country.

19 BRICS 2011/ 2012 Brazil Russia India China South Africa GDP growth rate (U$) 3.0% 2.3% 7.8% 9.2% 3.4% GDP per capita PPP (U$) Inflation rate 6.5% 8.9 % 6.8% 5.4% 5 % Exports (U$) 256 bi bi bi tri bi Imports (U$) 226 bi bi 451 bi tri bi Reserves of foreign exchange and gold (U$) 357 bi 513 bi bi tri bi Population mi 140 mi bi bi 49 mi Debt External (U$) bi bi bi bi bi Public Debt (%GDP) 55.4% 8.7% 51.6% 43.5% 35.6% Source: FMI, CIA

20 Imports Brazil BRICS (july 2011) (in billion of dollars) Fonte:MDIC

21 Exports Brazil BRICS (july 2011) (in billion of dollars) Fonte:MDIC

22 Brazil-China Relations

23 Chinese A economia Brazilian chinesa economy - brasileira (2011) (2010) China / Brazil GDP (Purchasing Power Parity) (U$) 11,3 tri 2,3 tri GDP (U$) 6,9 tri 2,5 tri GDP PPP (U$) GDP PPA (U$) GDP (Real growth rate) 9,2% 2,8% PIB Por Setor Chinese Curency Ren Min Bi (RMB) Tax of current exchange (03/19/2012): US$ 1 = 6,32 Yuan; R$ 1 = 3,51 Yuan. Fonte: FMI, Economist, Banco Mundial, MOFCOM, CIA

24 U$ (Billion) Brazil-China Fluxo de Comércio Trade Brasil-China Balance ,2 0,1 0,8 0,3 1,2 1 Export Import Brazilian Importing Enterprises in Brazilian Exporting Enterprises in ,7 1,2 0,8 4,5 1,9 2,5 1,3 1,5 2,1 20, ,4 12,7 16 8,4 10,7 5,4 6,8 7,9 5,3 3,7 30,8 Crise Mundial 44,31 32,79 25,6 Source: MDIC

25 China FDI into Brazil Company State Estimated Investment (US$) Wisco MG 5 Bi Wisco RJ 3,29 Bi Sinochen Corporation RJ 3,07 Bi Grid Corporation of China SP, MG, GO 1,7 Bi ECE MG 1,2 Bi Honbridge BA 400 Mi Sany Heavy Industry SP 100 Mi Bank of China SP 60 Mi Xuzhou Construction Machinery Group PE 12 Mi Industrial and Commercial Bank of China Undefined Undefined Banco de Desenvolvimento da China (BDC) Undefined 10 Bi Sinopec RJ 7,1 Bi China Investment Corporation Undefined Undefined

26 International Comércio Internacional Trade Brazil-China Brasil-China (2011) Exports U$ Var Brazil China 44.31bi +46,10% Brazil World bi +31,53% China World 1,5 tri +25% Imports U$ Var Brazil China bi +34,66% Brazil World bi China World 1,3 tri +36,8% Brazilian Balance with China: U$ 6.7 bi Brazilian Balance Total :U$ bi Chinese World Balance - Total: U$ 200 bi Fonte: MDIC, CIA, China Daily

27 (Jan. - Oct. 2011) FOB Partc. % Volum TOP 10 Brazilian Exports to China (U$) Total (MT) Thousand GENERAL 37,13 Bi ,511 1 IRON ORE bi % 121,238 2 SOYA BEANS 10,04 bi % 20,228 3 CRUDE OIL 3.91 bi % 5,761 4 PIG IRON 1,49 bi 4.02 % 8,383 5 SUGAR 1,00 bi 2.70 % 1,771 6 PAPER PULP 0,85 bi 2.28 % 1,521 7 SOY OIL 0,56 bi 1.50% AIRPLANES 0,48 bi 1.30 % 0,4 9 COTTON 0,40 bi 1.07 % TABACCO 0,38 bi 1.01 % 52 Fonte: MDIC

28 (Jan - Oct. 2011) FOB (U$) Partc. % Total TOP 10 Brazilian Imports from China T O T A L G E R A L 27,05 bi PARTS FOR /DEVICES FOR RADIODIF. & TELEVISION 1143 mi 4.22% 2 PARTS.FOR PHONE 569 mi 2.10 % 3 CELL PHONE 511 mi 1.89 % 4 LED SCREENS 371 mi 1.37 % 5 TURFA COKE 360 mi 1.33 % 6 DEVICES IMPR.C/COMP.ELÉTR./ELETR.MONTADOS 301 mi 1.11 % 7 SUPERPHOSPHATE 258 mi 0.95 % 8 CIRCUITS PRINTED 218 mi 0.80 % 9 AUTO 211 mi 0.78 % 10 OTHERS CIRCUITS 191 mi 0.71 % Source: MDIC

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30 SOURCES Agência Brasil Asian Development Bank BID Banco Central Bloomberg CIA World Factbook EPI Earth Policy Institute FGV Fundação Getúlio Vargas Forbes CCIBC CEBC - Conselho Empresarial Brasil-China GettyImages - Gettyimages.com Google IBGE Ibram Instituto Brasileiro de Mineração IMF International Monetary Fund MDIC Ministério de Desenvolvimento, Indústria e Comércio MOFCOM Ministry of Commerce of China State Statistics of PRC Canton Fair Cn Portal do Governo Federal Petrobras Transpetro