Transpetro becomes best transportation company 4 times consecutively

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It is a moment of pride for Brazilian fuel transportation and logistics company – Transpetro as it has been elected consecutively for the fourth year the best company of the transportation industry in the annual ranking of ‘As Melhores da Dinheiro’, from the Magazine ‘Istoé Dinheiro’. The award was delivered on August 28th, in Sao Paulo during a ceremony held in the presence of Transpetro’s president, Sergio Machado.

The magazine chooses the top ranking companies on the basis of their operating and financial performance of the previous year. Transpetro stood out as it showed growth of 12% in the consolidated profit against 2012, increase of 30.1% of net profits (against 2012) and growth of 25.6% of EBTIDA, an important financial indicator, against the previous year.

Sergio Machado said in a statement, “It is a proud moment for Transpetro as it reflects upon the company’s relentless efforts. The company has achieved a tremendous growth in 15 years since its inception and the best transportation company award 4 times in a row is a testimony to the fact.”

The year 2013 also saw a successful implementation of Operating Costs Optimization Program by the Petrobras System, which provided Transpetro with important changes in the expense management culture and with savings that reached to $231 million. The company also recorded a growth of 4.3% in the volume moved during the last year in the operation of 49 terminals, 14,669 kilometers of pipelines and 60 vessels.

Another program called Fleet Expansion and Modernization Program recorded in the last year 12 vessels under construction (currently they sum 14) and seven in operation – three of them delivered to the Company also in 2013.

One of the main contributors for the recovery of the Brazilian naval industry, PROMEF accounts for investments of $11.2 billion in the order of 49 vessels and 20 waterway convoys. The program shows significant results: seven vessels in operation (suezmax Dragão do Mar, João Cândido and Zumbi dos Palmares; and the tankers Celso Furtado, Sérgio Buarque de Holanda, Rômulo Almeida and José Alencar); 14 vessels under construction, six of them undergoing finishing stages and three waterway convoys to be delivered in 2014.

After a crisis that lasted for decades, today Brazil has the third largest order portfolio of tankers in the world and the fourth largest of vessels in general. The national naval industry, that once had less than two thousand operators at the turn of the century, currently employs around 80 thousand people, according to data from Sinaval.

Active in 19 of the 27 Brazilian states, Transpetro also works with import and export operations of oil and derivatives, gas and ethanol. The company supplies industries, thermal power stations and refineries. The Company combines the areas of production, refinement and distribution of the Petrobras System and provides services to several distributors and to the petrochemical industry.

Last modified: March 15, 2016

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