FMM approves R$ 218.8 million for Southern Brazil shipbuilding projects

At its 61st Council meeting, Brazil’s Merchant Marine Fund (FMM) approved R$ 218.8 million to support projects in Santa Catarina and Rio Grande do Sul, including shipyard modernization, inland waterways and passenger vessels, port support and offshore support assets. The decision forms part of the Ministry of Ports and Airports’ 2025 cycle, which closed the year with R$ 32.1 billion in total nationwide approvals.