At its first meeting of 2025, the Merchant Marine Fund board approved the largest volume of resources ever allocated at a single time, signaling strong support for the sector.
The Merchant Marine Fund (FMM) board approved, in its first meeting of 2025, the significant amount of R$22 billion for 26 new projects in the naval industry. This amount represents the largest volume of resources ever allocated to the sector in a single board decision.
Of this total, R$15,4 billion will be invested in 19 new projects, while R$6,7 billion will be invested in initiatives that have been resubmitted. measure reinforces the priority of the federal government in the development of the waterway sector, as highlighted by the Minister of Ports and Airports, Sílvio Costa Filho.
Record volume to boost the Brazilian naval industry
“We are breaking another record to boost the naval industry and the waterway sector,” said Minister Sílvio Costa Filho. He emphasized that the decision demonstrates the return of government priority to this sector, considered fundamental for the country’s development.
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The resources approved by the Merchant Marine Fund will be used on several fronts. These include the construction of new vessels, repair and docking projects, modernization of existing units, expansion of shipyards and the development of new port infrastructure.
Allocation of resources and the impact on the water sector
This new contribution adds to the significant investments made in 2024. Last year, the Merchant Navy 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 notable projects financed in 2024 is Petrobras' request for the construction of eight LPG gas tankers, an investment of R$4,1 billion. Another relevant project was that of DOF Subsea Brasil Serviços, for the construction of four RSV type vessels, budgeted at R$3,2 billion.
Infrastructure and shipbuilding projects benefiting from the Merchant Navy Fund
In addition to the construction of vessels, the new round of approvals from the Merchant 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 to build a terminal for the export of iron ore. Tecon Rio Grande (RS) also received R$533 million to invest in its port infrastructure.
New CMN rules facilitate record investments
The record volume of approved resources is, in part, the result of a resolution by 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 increase in the amortization period for repair and docking projects. In addition, there was an expansion of financing coverage, which can now include platforms, platform modules and even vessel dismantling projects.