Source - SMW
Ocean Wilsons has confirmed that its wholly-owned subsidiary Saveiros Camuyrano Servicos Maritimos S/A has signed a financing agreement with the Brazilian Development Bank ("BNDES"), as the financial agent for the Merchant Marine Fund ("FMM").

The financing of up to $54m is for the construction of 6 tugboats with azimuth thrusters.

The vessels are designed by Damen Shipyards, a Wilson Sons' partner in Brazil for more than 20 years and will be constructed at Wilson Sons' shipyard in the city of Guaruja (SP).

At 1:36pm: (LON:OCN) Ocean Wilson Holdings PLC share price was +5p at 1035p