Page 8: of Maritime Reporter Magazine (August 2011)

The business of building ships has largely been tumul- tuous since the economic collapse of 2008 and lingeringglobal malaise. When the talk turns to shipbuilding of late, the topic is more than likely cancelled orders, em- ployee cutbacks or outright closure ? unless: Your shipyard is in Brazil; Your shipyard (OSX) has a global behemoth (EBX) behind it;Your shipyard taps the minds and talent of one of the world?s preeminent shipbuilders (Hyundai); Your shipyard has a $4.8B orderbook and plans for its first delivery (an FPSO) in 3Q2011 ? BEFOREthe shipyard is complete. Meet OSX Brasil S.A., an EBX Group company, de- signed to supply the industry's demand for integrated service solutions to the Oil & Gas market, which is rap- idly expanding in Brazil. In January of this year MaritimeReporterpresented a one-on-one with Roberto Monteiro,CFO of OSX Shipbuilding, Chartering and Offshore Services, in the wake of OSX Brasil S.A raising $1.4B in its IPO. This month, we check in with Mr. Monteiro again to discover details on the yard?s journey to built its own Naval Technology Institute to feed demand for new re- cruits and staff for its rapidly growing operation. Why, exactly, is OSX planning to open its own Naval Technology Institute? Monteiro Aiming to educate and to train manpower ded- icated to its Shipbuilding Unit, OSX, an EBX Group Company is detailing the concept of the Naval Technol- ogy Institute (ITN). OSX shipyard will create approxi- mately 10,000 direct jobs during its operational phase, sothis staff will be professionally trained by the Naval Tech- nology Institute. When will the institute open for business?Monteiro OSX expects to train, until the end of 2013, a total of 7,800 technical specialists in production, inspec-tion and supervision. In the beginning of July 2011, OSX signed the first partnership in Rio de Janeiro to structure the first technical courses to be offered. In the first phase 3,100 workers will be trained in more than 20 different courses provided by OSX. The classes is about to begin by October 2011. How much was invested in this project? Monteiro We are investing $8.3m on this first phase. On a yearly basis, how many students is the institutedesigned to accommodate?Monteiro OSX expects to train, untill the end of 2013, a total of 7,800 technical specialists. Can you give real examples of the classes or cur- riculm?Monteiro We will have 185 classes that will be divided into 23 professional activities, including welders, struc- ture assemblers, pipe fitters, mechanics, electricians and instrumentalists. What are the major challenges of opening this type of institute in Brazil at this time?Monteiro We expect to train this large amount of tech- nical specialists and we know it´s a challenge. But, ITN will act in partnership with educational institutions rec-ognized inside and outside Brazil, aiming to become areference for the shipbuilding industry in Brazil. In addi- tion to generating qualified manpower for the sector, ITN also aims to promote research and projects focused onimproving and automating operational processes of the area. We will also count on an important partnership with Hyundai Heavy Industries to develop this project. OSX On the Pole PositionINTERVIEWFIVE MINUTES WITH ROBERTO MONTEIRO, CFO, OSXThe Acu Site: OSX? shipbuilding facility at the AcuSite represents a $1.7B investment, and when fin- ished will have a steel processing capacity of 180,000 tons/year and an assembly capacity of220,000 tons/year. The conceptual design was ap- proved by Hyundai Heavy Industries, and includes more than 3,500m (2,400m in the first phase) of water front. Strategically, it is located only 150 km from the Campos Basin. MR Aug.11 # 1 (1-9):MR Template 8/5/2011 11:27 AM Page 8