Investment to boost Rio de Janeiro
The Merchant Marine Fund (FMM), managed by the Ministry of Ports and Airports, has approved R$6.6 billion in investments for the state of Rio de Janeiro. The funding, announced last week, focuses on naval and port projects, particularly those supporting the oil and gas industry.
Among the 14 projects approved is the construction of four Handy-class vessels for transporting oil byproducts for Petrobras. This initiative, valued at R$1.5 billion, will be executed by a consortium involving the Rio Grande shipyard in Rio Grande do Sul and Mac Laren shipyard in Niterói. Additionally, the Green Port shipyard in Niterói received R$242.2 million to build a new floating dock, reinforcing its role in the industry’s ongoing revival.
The FMM plays a critical role in financing Brazil’s merchant marine and shipbuilding sectors, which have recently seen renewed momentum, with several shipyards reopening and new OSV bids emerging.
Is this a signal of a lasting recovery for the industry?
This article was produced by Westhon Media for One Energy News.