BNDES Approves US$112mn in Shipbuilding Financing
Brazil's national development bank BNDES approved US$112mn in loans on Tuesday to help local shipbuilder Aker Promar finance the construction of two oil industry support vessels, the bank said in a statement.
Norwegian group DOF ordered the ships, which require total investment of US$166mn. Brazil's merchant navy fund FMM will guarantee the loan.
The ships provide support services to platforms in Brazil's Campos basin and be ready in 2008.
Aker Promar is a unit of Norwegian shipyard Aker Yard.
Visit BNamericas to access our real-time news reports, 7-year archive, Fact File company database, and latest research reports. Click here for a Free two week trial to our Latin America Oil & Gas information service.
- Norway's $24B Fund Seeing End To Losses In Oil Services (Aug 17)
- DOF Subsea Bags IRM Contract for Shell Australia's Prelude FLNG Facility (Aug 01)
- DOF Rederi Secures North Sea Services Contracts with Nexen, Maersk (Apr 12)
Company: Aker Promar more info
- Petrobras to Restart P-57 Tender (Jan 03)
- BNDES Approves US$112mn in Shipbuilding Financing (Sep 20)
- Aker Promar to Invest US$46mn in New Rio Shipyard (Jul 20)