Merchant Marine Fund Approves R$ 116.5 Million for Shipbuilding

Written by Renato Oliveira Published on 30/03/2019 at 01:00 Updated on 29/03/2019 at 15:45

Construção Naval tem financiamento aprovado

FMM Resources Approved for Financing Nine Naval Construction Projects

Last Tuesday (03/26), during the 40th Ordinary Meeting of the Board of Directors of the Merchant Marine Fund (CDFMM), R$ 116.5 million was approved for financing nine new naval construction projects using resources from the Merchant Marine Fund (FMM).
The Fund is the main source of long-term financing for the naval sector and is administered by the Ministry of Infrastructure through the CDFMM.

It is through this Fund that resources are made available for the installation and modernization of shipyards and also for Brazilian companies to establish, renew, or expand their fleet of vessels.

ARTICLE CONTINUES BELOW

Priority Projects

The list of projects that are a priority for this financing will be published in the Official Gazette in the coming days, and companies can contract financing through the affiliated financial agents, such as BNDES, BB, CEF, BNB, BASA).
The deadline for contracting financings is 450 days.

Interested parties have until May 6, 2019, to submit their projects to confirm financing priority, and the next Ordinary Meeting of the CDFMM is scheduled for July 4, 2019.

To give an idea of the importance of the FMM for national Naval Construction, we are about to close only the first quarter of 2019, and R$ 703 million has already been transferred to financial agents for financing prioritized projects, and 12 vessels have been delivered to the market.

Here’s How the R$ 116.5 Million is Divided Among the 9 Priority Projects:

Conversion: Conversion of Vessel (PSV to SDSV); Quantity: 02; Approved Amount: 23.3 Million
Repair: Repair of vessels for class certification; Quantity: 04; Approved Amount: 14.2 Million
Shipyards: Supplementation for the construction of 1 floating dock; Quantity: 01; Approved Amount: 5.8 Million
Shipyards: Construction of Shipyard; Quantity: 01; Approved Amount: 56.8 Million
Export: Production of floating platform for transshipment of people and cargo between vessels; Quantity: 01; Approved Amount: 16.4 Million

More 5 Oil Companies Want the Auction of the Surplus from the Productive Transfer! Access Here to Find Out Who They Are!

Merchant Marine Fund Approves R$ 116.5 Million for Shipbuilding

FMM Resources Approved for Financing Nine Naval Construction Projects

Priority Projects

Here’s How the R$ 116.5 Million is Divided Among the 9 Priority Projects:

Finnish Man Buys Unwanted Island for a Bargain, Builds Home with Seven Trees and €400 Roof, Lives Off-Grid with Family in -35°C

South Korea Tows 18 Concrete Blocks Weighing Up to 48,000 Tons Over 36 km to Construct a 3.2 km Underwater Tunnel Between Busan and Geoje, Installed Nearly 50 Meters Deep

Indian Driver Spends 14 Years Digging 10-Meter Tunnel Through Mountain to Connect Isolated Village to the World

Man Who Spent 27 Years Cleaning Classrooms in Louisiana Becomes Principal of the Same School at 39

Indian Teens Win National Geographic Award at Google Science Fair for Using Common Sour Fruit to Naturally Coagulate Rubber in 6 Hours, Reducing Production Time by 10 Hours

Nigeria Dumps 120 Million Tons of Sand into Atlantic to Build Massive City with 8.4 km Sea Wall for Protection Against Ocean Waves and Erosion

China’s masterstroke: a plant capable of regrowing even when buried by sand helps to recover more than 7,300 hectares of desert with 5 million seedlings, roots over 10 meters deep, and rainfall below 150 mm per year.

Mother discovers she may have won £12 million in the lottery but faces an agonizing wait after the shopkeeper threw the ticket in the trash.

A couple bought a house in Sheffield and, when removing the carpet from the hallway, found a trapdoor leading to a secret 23 m² basement with a 2-meter ceiling height, a discovery that eliminated the need for an expensive extension and, according to them, added £70,000 to the property’s value.

A nurse bought for 20,000 a 1955 house abandoned by a hoarder in Texas, and months later, rain revealed a buried pool in the backyard valued at $160,000, which he restored himself for about $10,000, a fraction of the cost of building a new one.

The United Kingdom is transforming dog feces left on trails into gas to light a streetlamp through an unlikely and surprising project that shows how even one of the most rejected wastes in cities can generate energy.

Merchant Marine Fund Approves R$ 116.5 Million for Shipbuilding

FMM Resources Approved for Financing Nine Naval Construction Projects

Priority Projects

Here’s How the R$ 116.5 Million is Divided Among the 9 Priority Projects:

Finnish Man Buys Unwanted Island for a Bargain, Builds Home with Seven Trees and €400 Roof, Lives Off-Grid with Family in -35°C

South Korea Tows 18 Concrete Blocks Weighing Up to 48,000 Tons Over 36 km to Construct a 3.2 km Underwater Tunnel Between Busan and Geoje, Installed Nearly 50 Meters Deep

Indian Driver Spends 14 Years Digging 10-Meter Tunnel Through Mountain to Connect Isolated Village to the World

Man Who Spent 27 Years Cleaning Classrooms in Louisiana Becomes Principal of the Same School at 39

Indian Teens Win National Geographic Award at Google Science Fair for Using Common Sour Fruit to Naturally Coagulate Rubber in 6 Hours, Reducing Production Time by 10 Hours

Nigeria Dumps 120 Million Tons of Sand into Atlantic to Build Massive City with 8.4 km Sea Wall for Protection Against Ocean Waves and Erosion

China’s masterstroke: a plant capable of regrowing even when buried by sand helps to recover more than 7,300 hectares of desert with 5 million seedlings, roots over 10 meters deep, and rainfall below 150 mm per year.

An old ferry rusted for more than 10 years in New York, almost sank after the engine room was flooded, and now volunteers are rushing to clean the hull, remove wires, life jackets, and loose paint before sinking it in the Atlantic to become an artificial reef full of marine life.

An old ferry rusted for more than 10 years in New York, almost sank after the engine room was flooded, and now volunteers are rushing to clean the hull, remove wires, life jackets, and loose paint before sinking it in the Atlantic to become an artificial reef full of marine life.

Real Estate Agent Buys Marvel Movie Subway Car for $5,000 and Converts It into Themed Airbnb

Real Estate Agent Buys Marvel Movie Subway Car for $5,000 and Converts It into Themed Airbnb

Former Roma and Fiorentina Player Filipe Gomes Returns to Brazil to Found Empório do Galeto, Aiming for $10 Million Revenue by 2026

Mother discovers she may have won £12 million in the lottery but faces an agonizing wait after the shopkeeper threw the ticket in the trash.

A couple bought a house in Sheffield and, when removing the carpet from the hallway, found a trapdoor leading to a secret 23 m² basement with a 2-meter ceiling height, a discovery that eliminated the need for an expensive extension and, according to them, added £70,000 to the property’s value.

A nurse bought for 20,000 a 1955 house abandoned by a hoarder in Texas, and months later, rain revealed a buried pool in the backyard valued at $160,000, which he restored himself for about $10,000, a fraction of the cost of building a new one.

The United Kingdom is transforming dog feces left on trails into gas to light a streetlamp through an unlikely and surprising project that shows how even one of the most rejected wastes in cities can generate energy.