OSX to Receive Additional Port Funding

OSX to Receive Additional Port Funding

Brazil Loans

Brazil’s OSX has received approval for an additional BRL1.5bn ($737m) funding from Brazil’s state-owned Merchant Marine Fund to support shipyard construction at the Acu port complex, OSX says. In June, OSX announced Merchant Marine Fund funding via Caixa Economica Federal and BNDES for two equal 21-year BRL1.35bn loans, which had an expected average interest rate of 3.38% and respective 2.5-year and 3-year grace periods. The new credit line is expected at similar terms, according a person famili

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial