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    Brazil plans two more new yards

    Yard News // August 20, 2004
    Fairplay ( reports that despite a recent veto on a new Shipbuilding Guarantee Fund from President Lula, there are proposals for two new shipyards in Brazil, one in the north and one in the south.

    "Suape in northeast Brazil has been targeted for a US$166.66 million yard," said Fairplay, noting that the yard will build ships and oil platforms, and that a protocol has been signed between private investor Camargo Correa and the governor of the stateof Pernambuco.

    The yard, to be located in the industrial complex of the port of Suape, will create 5,000 jobs and some 25,000 indirectly.

    "If the yard goes ahead, it will become the biggest shipyard in the southern hemisphere," said Fairplay.

    Meanwhile, executives from Transnave Shipyard have met with the Port Authority of Rio Grande (SPURG) over the creation of a new US$30 million yard in the far south of Brazil on the border with Uruguay.

    Transnave Estaleiro de Reparos e Construcao, based in Rio de Janeiro, conducted high-level talks with SPURG's president, Vidal Aereo Mendonca, and its financial director over the proposed 560,000mē site.

    Fairplay said the project, which will employ 700 people plus another 3,000 indirectly, is moving ahead despite the Brazilian president's veto on some key points of MP-177 legislation that should promote shipbuilding in Brazil.

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