Wilsons confirms Rio Grande shipyard investment

Ocean Wilsons Holdings Ltd. (OWH) reaffirms its growth strategy by investing in the construction of a new shipyard in Rio Grande. The company said Conselho de Autoridade Portuia (CAP), Rio Grande do Sul’s port authority council, approved modifications to existing zoning standards of the shipyard, allowing for new shipping construction activities in the port area.

OWH said the new shipyard project, for which estimated investments may reach up to $60 million, will focus mainly on the construction of vessels that provide support services to oil and gas platforms.