Subsea 7 cancels contract for plant at LLX port

Subsea 7: Called off agreement to build plant at Acu port

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News Wires

 08 February 2013 21:40 GMT

The Brazil unit of Subsea 7, the Luxembourg-based offshore engineering and construction company, canceled a contract to rent space for a rigid underwater pipe fabrication plant at a Brazilian port, LLX Logistica, the port's owner, said Friday.

Under a contract announced 28 May, Subsea 7 had agreed to rent land adjacent to LLX's Port of Acu northeast of Rio de Janeiro, LLX said according to Reuters.

"There is no immediate perspective of a renewal of the contract," the company said according to the news wire.

Subsea 7 officials at the company's London operating headquarters and in Rio de Janeiro could not be reached for comment by the news wire.

LLX, controlled by Brazilian billionaire Eike Batista, is building the Port of Acu to ship iron ore from Anglo American mines in…

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