English 
Spanish 
3 min read
0 comments
Estimated number of jobs generated by BNDES financing in 2024 is more than 10 thousand for the recovery of the Naval industry!
The National Bank for Economic and Social Development (BNDES) took a significant step in strengthening the Brazilian naval industry with the approval of R$6 billion in financing for projects related to the Merchant Navy Fund (FMM), including the creation of several direct employment opportunities.
The amount, approved in 2024, represents a historic record and marks a new cycle of investments in the sector, highlighting the importance of financing for the growth of the industry in Brazil.
Resumption of the Naval sector and job creation with BNDES approvals
The R$6 billion approved by BNDES for the FMM in 2024 is three times higher than the R$1,9 billion allocated to the sector between 2019 and 2022, highlighting the financial boost for the naval industry.
- MODEC celebrates safety milestone in the construction of FPSO Raia at Brasfels Shipyard
- US seeks partnership with Japan to curb China's naval buildup
- Construction of North Korea's first “nuclear” submarine advances: Kim Jong-un reveals strategic weapon capable of launching missiles!
- SS United States: The largest and fastest ocean liner in history will be sunk to become a giant underwater reef!
The president of BNDES, Aloizio Mercadante, highlighted that the approved amount not only reflects the resumption of activities in the sector, but is also driving the creation of more than 10 thousand jobs in several areas, mainly in the waterway transport segment, with the manufacture of rafts, barges and pushers.
This increase in funding comes at a strategic time for Brazil, which has vast potential in building and renewing its naval fleet.
With the new investment dynamics, the country is positioning itself to take advantage of opportunities in the global market, which is increasingly focused on sustainability and decarbonization.
Decarbonization and opportunities for the naval sector
Mercadante also made a point of highlighting the future prospects for the Brazilian naval industry, especially in the context of decarbonization.
“Brazil has immense potential in this sector, especially in the context of decarbonization. The requirements of the UN’s International Maritime Organization determine that, by 2030, 40% of the world’s fleet must use renewable fuels. This could represent a great opportunity for the Brazilian shipbuilding industry, given our international leadership in biofuels,” said the president of BNDES.
This transition to renewable fuels will not only accelerate the development of the sector, but will also allow Brazil to consolidate itself as a global reference in sustainable solutions for maritime transport.
The Brazilian naval industry, with its vast knowledge and experience, has everything it needs to benefit from this global trend towards greener alternatives.
R$6 billion notice and potential for investment in new technologies
In addition to the resources allocated to the FMM, the BNDES also launched a R$6 billion call for proposals for the development of sustainable fuels.
This notice covers the production of sustainable aviation fuels (SAF) and renewable marine fuels, two areas with great growth potential.
The bank identified a promising market for these technologies, with an investment potential of up to R$167 billion, which reinforces the strategic importance of the transition to low-carbon solutions in the sector.
The role of FMM in the Brazilian naval industry
The Merchant Navy Fund (FMM) has been fundamental to the development of the naval industry and the Brazilian merchant fleet.
Managed by the Ministry of Transport, the FMM allocates resources for the construction and renewal of the fleet, with the aim of modernizing the national naval industry and making it more competitive on the global stage.
FMM funding comes largely from the Merchant Navy Renewal Freight Surcharge (AFRMM), a tax created in 1987.
With the growing demand for more efficient and sustainable vessels, especially in a context of searching for clean energy alternatives, Brazil has great potential to stand out in the global shipbuilding market.
The increase in financing by BNDES, combined with the search for low-carbon solutions, places the country in a strategic position to lead the transformation of the global naval sector.
