Aker Promar to Invest $46m in New Rio Shipyard

Friday, July 21, 2006
Norwegian shipbuilding company Aker Promar plans to invest $45.7m in building a new shipyard in the northern region of Rio de Janeiro state, the state government announced. U.S. offshore support company Edison Chouest will invest through local subsidiary Alfanave in the construction of an offshore support base in the same region close to the town of Quissama and Brazil's oil industry hub of Macae. The companies set the foundation stones on Tuesday. This will be Aker Promar's second shipbuilding facility in the country. The new shipyard will be large enough to build and carry out maintenance on large ships and oil production platforms.

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