Atlântico Sul Shipyard closes in Pernambuco

According to Valor, Atlântico Sul Shipyard (EAS), located in Ipojuca (PE), suspended its activities indefinitely. The reason is the lack of ordering of ships.

The company’s controllers, Camargo Corrêa and Queiroz Galvão, are trying to renegotiate a debt of R$1bn with BNDES (National Economic and Social Development Bank).

Valor found out that an installment of R$20m with the bank expires on the 10th, which must be paid. Today, the yard has R$160m.

Source: Valor

Sharing is caring!