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Brazilian naval sector breaks record with R$31 billion in investments in 2024 and registers highest value in 12 years

Written by Roberta Souza
Published 13/01/2025 ร s 20:54
naval industry, naval, investments
Photo: IA

The investments, which mark the highest value of transfers in 12 years, drive growth and modernization of the naval and port industry

In 2024, the Brazilian naval and port sector reached a historic milestone with investments totaling R$30,8 billion, the highest value recorded in more than a decade. This amount was allocated to more than 430 new projects which range from the construction of vessels to the expansion of shipyards and the modernization of port infrastructure, according to the website Notรญcia Brasil.

Merchant Navy Fund boosts sector

The Ministry of Ports and Airports attributed the year's success to the Merchant Navy Fund (FMM), which was crucial to the approval of projects across the country. In all, R$45 billion were prioritized by the government for 1,3 projects, reflecting a 70% increase in the number of initiatives approved in the last two years compared to the period 2019 to 2022.

Expansion of the naval industry with record investment

Os investments in expansion of the naval industry reached R$5,33 billion from January to December 2024, the highest value in the last 12 years. This funding was allocated to 548 new works, with a main focus on inland navigation (415), maritime support (94), port support (37) and cabotage (2). Adding the resources from 2023, the current government allocated R$6,36 billion to new ventures, a significant increase of 326% compared to the previous management.

Future projections for the naval sector

With resources released as projects progress and their implementation phases progress, the Brazilian naval sector is positioned to continue its growth. The first meeting of the Board of Directors of the Merchant Navy Fund (CDFMM) in 2025 is scheduled for March 27, where new projects and financing will be discussed, keeping the sector expanding.

These record investments demonstrate the government's commitment to the modernization and competitiveness of the Brazilian naval and port industry, positioning the country as an important player in the global maritime scenario.

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Roberta Souza

Petroleum Engineer, postgraduate in Commissioning of Industrial Units, specialist in Industrial Corrosion. Get in touch to suggest an agenda, advertise job vacancies or advertise on our portal. We do not receive resumes

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