In Your First Meeting of 2025, the Board of the Mercantile Marine Fund Approved the Largest Volume of Resources Ever Allocated at Once, Signaling Strong Support for the Sector.
The Board of the Mercantile Marine Fund (FMM) approved, in its first meeting of 2025, the significant amount of R$ 22 billion for 26 new projects in the shipbuilding industry. This amount represents the largest volume of resources ever allocated to the sector in a single decision by the board.
Of this total, R$ 15.4 billion will be allocated to 19 new projects, while R$ 6.7 billion is for initiatives that were resubmitted. The measure reinforces the priority of the federal government in developing the maritime sector, as highlighted by the Minister of Ports and Airports, Sílvio Costa Filho.
Record Volume to Boost the Brazilian Shipbuilding Industry
“We are setting another record to leverage the shipbuilding industry and the maritime sector,” said Minister Sílvio Costa Filho. He emphasized that the decision demonstrates the return of government priority to this sector, considered essential for the country’s development.
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The resources approved by the Mercantile Marine Fund will be used in various areas. These include the construction of new vessels, repair and docking projects, modernization of existing units, expansion of shipyards, and the development of new port infrastructures.
Allocation of Resources and the Impact on the Maritime Sector

This new funding adds to the significant investments made in 2024. Last year, the Mercantile Marine Fund also played a crucial role, injecting R$ 31 billion into 430 new projects, the highest amount recorded in the last 12 years.
Among the highlighted projects financed in 2024 is Petrobras’s request for the construction of eight gas carriers for transporting LPG, an investment of R$ 4.1 billion. Another relevant project was DOF Subsea Brasil Serviços’ proposal for the construction of four RSV-type vessels, budgeted at R$ 3.2 billion.
Infrastructure and Shipbuilding Projects Benefiting from the Mercantile Marine Fund
In addition to vessel construction, the new round of approvals from the Mercantile Marine Fund includes important infrastructure projects. The Green Port shipyard, located in Niterói (RJ), will receive R$ 242 million for modernization.
Cedro Participações, in Itaguaí (RJ), will receive R$ 3.9 billion for the construction of a terminal intended for the export of iron ore. Tecon Rio Grande (RS) was also benefited with R$ 533 million for investments in its port infrastructure.
New CMN Rules Facilitate Record Investments
The record volume of resources approved is partly the result of a resolution from the National Monetary Council (CMN) in December 2024. This resolution regulated the application of FMM resources, introducing significant changes.
Among the main changes are the removal of the minimum interest rate for financing and the extension of the amortization period for repair and docking projects. Additionally, there was an expansion of the coverage for financing, which can now include platforms, platform modules, and even decommissioning projects for vessels.

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