Reuters
reported
that
Brazil's
state
development
bank
BNDES
and
federally
owned
lender
Caixa
Economica
Federal
will
provide
the
financing,
according
to
the
filing.
Part
of
the
financing
will
also
come
from
Brazil's
Merchant
Marine
Fund,
with
the
banks
funneling
those
monies
into
OSX,
the
filing
added.
Recent
offshore
oil
discoveries
by
EBX's
oil
and
gas
subsidiary
OGX
Petroleo
and
Brazil's
state-led
oil
company
Petrobras
are
driving
rapid
expansion
of
the
country's
shipbuilding
industry,
which
has
a
backlog
of
orders
for
hundreds
of
drilling
rigs,
production
platforms
and
support
ships.
OSX
is
a
unit
of…
