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

Be the first to react!

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

See also

In the opinion of the CDFMM president, Natália Marcassa, the Fund’s resources are essential for the development of the Brazilian naval sector, and the intention in the upcoming meetings is to present measures that increase investments using FMM resources, aiming at the revitalization of national Naval Construction.

She further explained that the R$ 116.5 million will be used in nine new projects, which involve various types of projects in naval construction, such as vessels intended for export, conversion and repair of vessels, in addition to projects focused on the installation of shipyards.
An important fact regarding the FMM is that depending on the national content and the type of vessel, the percentage it can finance can reach 90% of the project values.

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:

A village with 115 inhabitants wants new residents: it offers a house, a job, up to 44 thousand euros in benefits, almost free rent, an annual grant of 8 thousand euros for 3 years, and a 20 thousand euro incentive for businesses in the mountains of Italy.

Seven world powers including the US, China, and Russia are spending €22 billion on a reactor in the south of France that aims to confine plasma at 150 million degrees Celsius, ten times the temperature of the Sun’s core, using a magnetic field capable of lifting an entire aircraft carrier.

With a wingspan of 152 meters, 76 tires, and a capacity to carry 1,270 tons, the Boeing Pelican was the giant “flying ship” that promised to cross oceans close to the water on an invisible air cushion beneath its wings.

Elon Musk’s internet comes to mobile: Starlink technology connects smartphones without an antenna via satellite, works even without carrier signal, already costs just US$10 extra in the US, and could arrive in Brazil as an included benefit.

While countries spend billions to draw water from the sea, a Nobel-winning scientist creates a container-sized machine that extracts up to 1,000 liters per day from dry air and uses ultrasound to release water in minutes, even in the middle of the desert.

After 16 years and almost 600 prototypes, a Chinese inventor unveils the world’s smallest and cheapest manned jet, at just 3.80 meters long and costing US$7.2 thousand in materials.

Belgium will sink 23 giant concrete caissons, each weighing 22,000 tons, in the North Sea to build the world’s first artificial energy island 45 km off the coast, forming offshore electrical walls.

With 6,200 discarded toys, a 357 m² house in India transforms children’s plastic waste and compressed earth into a wall, a colorful facade, and a curious attraction for neighborhood children.

Construction is Changing: The Unusual Materials of Future Construction That Promise Cheaper Projects, Lower Environmental Impact, and Greater Savings

Carbon Capture and Storage advances in mature oil fields in Brazil and promises to transform old reservoirs into underground structures capable of reducing emissions, extending the production life, and attracting new investments for the energy industry.

Researchers from four Brazilian universities created a floating system that generates energy from tides and the sun simultaneously, with submerged turbines and solar panels on catamarans, and the Boqueirão Channel in Maranhão has currents so strong that a farm would produce almost 24 GWh per year.

Cheaper beef in sight? The US wants to tear down barriers, reduce import tariffs, and expand the entry of foreign cuts to try to curb food inflation.

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:

A village with 115 inhabitants wants new residents: it offers a house, a job, up to 44 thousand euros in benefits, almost free rent, an annual grant of 8 thousand euros for 3 years, and a 20 thousand euro incentive for businesses in the mountains of Italy.

Seven world powers including the US, China, and Russia are spending €22 billion on a reactor in the south of France that aims to confine plasma at 150 million degrees Celsius, ten times the temperature of the Sun’s core, using a magnetic field capable of lifting an entire aircraft carrier.

With a wingspan of 152 meters, 76 tires, and a capacity to carry 1,270 tons, the Boeing Pelican was the giant “flying ship” that promised to cross oceans close to the water on an invisible air cushion beneath its wings.

Elon Musk’s internet comes to mobile: Starlink technology connects smartphones without an antenna via satellite, works even without carrier signal, already costs just US$10 extra in the US, and could arrive in Brazil as an included benefit.

While countries spend billions to draw water from the sea, a Nobel-winning scientist creates a container-sized machine that extracts up to 1,000 liters per day from dry air and uses ultrasound to release water in minutes, even in the middle of the desert.

After 16 years and almost 600 prototypes, a Chinese inventor unveils the world’s smallest and cheapest manned jet, at just 3.80 meters long and costing US$7.2 thousand in materials.

Belgium will sink 23 giant concrete caissons, each weighing 22,000 tons, in the North Sea to build the world’s first artificial energy island 45 km off the coast, forming offshore electrical walls.

Chile blocks billion-dollar mining megaproject near Humboldt penguin colony, halts iron and copper mine and turns endangered birds into an environmental symbol

Cocoa and chocolate products are now subject to a tougher national rule, and off-standard products will have to change their name, label, and presentation to consumers.

Cocoa and chocolate products are now subject to a tougher national rule, and off-standard products will have to change their name, label, and presentation to consumers.

In the U.S., the most powerful city on the planet is silently sinking every year: radars detect the ground subsiding more than 10 mm per year in areas of Washington, while scientists warn of risks to the American capital’s infrastructure.

In the U.S., the most powerful city on the planet is silently sinking every year: radars detect the ground subsiding more than 10 mm per year in areas of Washington, while scientists warn of risks to the American capital’s infrastructure.

With 6,200 discarded toys, a 357 m² house in India transforms children’s plastic waste and compressed earth into a wall, a colorful facade, and a curious attraction for neighborhood children.

Construction is Changing: The Unusual Materials of Future Construction That Promise Cheaper Projects, Lower Environmental Impact, and Greater Savings

Carbon Capture and Storage advances in mature oil fields in Brazil and promises to transform old reservoirs into underground structures capable of reducing emissions, extending the production life, and attracting new investments for the energy industry.

Cheaper beef in sight? The US wants to tear down barriers, reduce import tariffs, and expand the entry of foreign cuts to try to curb food inflation.