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    CBO receives funds to go for PSVs

    News // October 31, 2008

    LR-Fairplay reports that Companhia Brasileira de Offshore (CBO) is to receive US$764 million from the Brazilian Merchant Marine Fund so it can move forward and build 20 PSVs for the Brazilian offshore market.

    CBO, which is part of Fischer in Brazil, the previous owner of container operator Alianca de Navegacao (before it was taken over by Hamburg Süd), will also receive US$120 million to upgrade its Estaleiro Alianca shipyard in Rio de Janeiro.

    According to LR-Fairplay's Daily Newbuilding News, a CBO spokesman said that the company hopes to more than double turnover from today’s US$75 million up to Us$150 million by 2015.

    It will also increase the size of its fleet from 13 PSVs up to 35 once the current newbuildings are completed.


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