The Federal Government enacted on 28/06/2013 Decree No. 8.036, which provides among other things for changes in the composition of the Board of Directors of the Merchant Marine Fund – CDFMM, amending Decree No. 5.269 of 10/11/2004.

The CDFMM will now be comprised of sixteen representatives instead of thirteen. The new composition will include representatives from the following entities:  BNDES, Banco do Brasil, Caixa Econômica, the Government’s Special Division of Ports and Petrobras. The participation of the Ministry of Transportation was reduced from three to one representative