Brazil approves 15 naval projects

The Brazilian Merchant Marine Fund’s Board of Directors (CDFMM) approved 15 projects focused on shipbuilding, vessel modernization and repair, as well as port infrastructure, during its 63rd Ordinary Meeting. Highlights include Petrobras’ plan to build five LPG carriers, Emgepron’s project to construct three 500-ton patrol vessels (NPa500BR), and Bahia Mineração’s (Bamin) Porto Sul private terminal in Ilhéus, Bahia.

The portfolio also includes inland navigation, offshore support, ship repair and logistics infrastructure projects across ten Brazilian states. The Ministry of Ports and Airports did not disclose the value of the approved investments.