Developing Company News

OSX Brasil S.A., a Brazilian corporation engaged in the equipment and services sector for the offshore oil and gas industry, by means of integrated operations in shipbuilding, chartering of exploration and production (E&P) units, and operation and maintenance (O&M) services, announces to its shareholders and the market in general that: The Board of Directors of the Merchant Marine Fund (Fundo da Marinha Mercante - FMM) approved the prioritization of financial support for the Açu Shipbuilding Unit ("UCN Açu") project of OSX Construção Naval S.A., pursuant to the resolution published today in the Federal Official Gazette (Diário Oficial da União).

The GL-certified Undercover sprinkler system was designed by Minimax for the M/S Scenic Emerald, the largest freshwater cruiser on the river Elbe. At 442 ft long and 37.5 ft wide, this new cruise giant from Saxony-Anhalt’s Tangermünde Ship Building and Developing Company (SET) offers 20 percent more room than average cruisers. The four extensive decks are home to 86 luxury suites, a restaurant, a lounge and bar area and spacious viewing areas. Modified GL and SUK regulations now also require fire protection for German river boats.