Brazil’s FMM approves R$ 6 Billion across Naval and Port Projects
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Beyond vessel construction, the approved portfolio covers inland navigation, maritime support vessels, and cargo shipping, as well as maintenance, repair and modernisation works at shipyards across several Brazilian states. New project submissions can be presented until April 20, 2026, and approved projects will have up to 450 days — extendable by a further 180 days — to finalise financing agreements with qualified lending institutions, including BNDES, Banco do Brasil, Banco da Amazônia, Banco do Nordeste and Caixa Econômica Federal.Read in Portuguese →Brazil’s Ministry of Ports and Airports (MPor), through the Merchant Marine Fund Directing Council (CDFMM), approved a package of 13 projects totalling R$ 6 billion in investments at its 62nd Ordinary Meeting, held on March 18. The approved portfolio is expected to generate approximately 2,800 direct jobs and enable 95 projects across the naval and port sectors.
The two largest projects together account for over R$ 4.3 billion of the total approved. Porto Central, a deep-water port development in the state of Espírito Santo, received approval for R$ 2.18 billion in port infrastructure investment, reinforcing the country’s logistics capacity along the southeastern coast. Close behind, Petrobras secured R$ 2.17 billion for the construction of four vessels designed to carry petroleum derivatives — a move aligned with the company’s strategy to expand its own fleet and reduce exposure to chartering costs. The third largest project was awarded to GDE Transportes, which will receive R$ 380.3 million for the construction of 35 vessels for fuel transportation in Brazil’s North region, where waterway transport is structurally critical to local supply chain operations.
This article was produced by Westhon Media for One Energy News.