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Cabnave Estaleiros Navais de Cabo Verde, S.A., has currently drawn up the company’s new strategic plan and feasibility study, which envisages the significant investments that the Cape Verde state will have to make for its full rehabilitation and expansion.

On 16 February 2024, the final draft of this study was presented to the Minister of the Sea, Abraão Vicente, detailing the specifics of the interventions planned at the shipyards so that they can achieve the growth targets outlined. This strategic plan includes a comprehensive analysis of infrastructural and operational needs, as well as long-term development opportunities.

During the presentation, the main investments needed were discussed, such as the modernisation of facilities, the acquisition of new equipment and the implementation of advanced technologies. The Minister of the Sea expressed his satisfaction with the fulfilment of the deadline for delivering the study and reinforced the government’s commitment to Cabnave’s rehabilitation and growth.

Government support is essential to ensure that Cabnave becomes a benchmark in the naval sector, not only at national level, but also regionally. The company is committed to continuing to work diligently and strategically to ensure a sustainable and prosperous future, in line with Cape Verde’s economic development goals.

The Board of Directors of Cabnave Estaleiros Navais de Cabo Verde, S.A., had the honour of receiving a courtesy visit from the Ambassador of Guinea-Bissau to Cape Verde, Ibraim Sano. This visit is part of the official visits carried out in São Vicente, after the Ambassador has presented his credentials.

During the meeting, topics of mutual interest were discussed, including potential areas of co-operation between Cape Verde and Guinea-Bissau in the naval sector. Ambassador Ibraim Sano had the opportunity to visit Cabnave’s facilities and learn about ongoing projects and activities, as well as future development initiatives.

This type of visit strengthens diplomatic ties and opens doors to possible partnerships that could benefit both countries. Cabnave reaffirms its commitment to promoting international collaboration and contributing to growth and innovation in the naval sector.

The Board of Directors of Cabnave Estaleiros Navais de Cabo Verde, S.A., received a visit from the Millennium Challenge Corporation (MCC) team, which was in Cape Verde on a high-level mission. This visit is part of MCC’s ongoing efforts to evaluate and support strategic projects in the country.

During the visit, the MCC team had the opportunity to visit Cabnave’s facilities in detail and learn about its operations. The various ongoing projects were presented, as well as the shipyard’s technical capabilities and future development plans.

The main aim of the MCC’s mission to Cape Verde is to hold meetings with the strategic sectors of the blue economy, identifying investment and collaboration opportunities that can contribute to the country’s sustainable growth. The visit to Cabnave reflects the importance attached to the shipbuilding industry as an essential pillar for Cape Verde’s economic development.

This meeting underlines Cabnave’s relevance in the context of the blue economy and reinforces the company’s commitment to continuing to expand its operations, always in line with international best practice and with the support of strategic partners.

On 6 May 2024, the Minister of the Sea, Abraão Vicente, visited Cabnave Estaleiros Navais de Cabo Verde, S.A. to find out about the company’s ongoing projects, in particular the shipyard improvements resulting from the investment guarantee approved by the government.

It should be remembered that the Cape Verdean government recently approved a loan guarantee for investments totalling 65,000 escudos, for improvements to guarantee the operational capacity of Cabnave’s shipyards. The investment is aimed at acquiring new equipment, improving docking operations and repairing ships.

Despite improving the company’s operating conditions, these interventions are not enough for the complete restoration of Cabnave, since the company has not received any work for 30 years, the Minister for the Sea recognised after the visit, recalling that the complete refurbishment will be carried out through investment from the European Investment Bank, which is currently in the study phase.

“Cabnave may be one of the most profitable companies in Cape Verde, but we need to make fundamental investments. This is the government’s commitment,” said the Minister for the Sea, Abraão Vicente.

NAVALIA 2024, the International Shipbuilding Industry Trade Fair, opened its doors on 21 May 2024 in Vigo, Spain. This prestigious event, which ran until 23 May, brought together more than 500 exhibitors and 1,000 brands, presenting the latest innovations in shipbuilding, maritime engineering, offshore technology and equipment for the sector.

Among the many shipyards present, Cabnave Estaleiros Navais de Cabo Verde, S.A., represented by the Executive Director, Areolino Delgado, and the Deputy Commercial Director, Mr Ivan Monteiro, stood out. CABNAVE’s presence at NAVALIA 2024 is promoted by a business mission organised by the Barlavento Chamber of Commerce, with the aim of strengthening and expanding its network of business partners, promoting its services and absorbing the latest technologies applied in the sector.

Cabnave’s participation in this international fair is a strategic opportunity to consolidate its position in the global market and explore new business opportunities. During the days of the event, the Cabnave team had the chance to establish valuable contacts, exchange experiences with other industry professionals and explore the trends and innovations that are shaping the future of shipbuilding and ship repair.

NAVALIA 2024 stands out not only for its size and diversity of exhibitors, but also for the quality of the conferences and workshops on offer, which address crucial issues for the development of the sector. Cabnave’s presence underlines the company’s commitment to excellence and innovation, reinforcing its mission to provide high-quality services and contribute to the sustainable growth of the shipbuilding industry in Cape Verde and beyond.

On May 28, 2024, Cabnave Estaleiros Navais de Cabo Verde, S.A., held its Ordinary General Meeting at the company’s premises, with the aim of assessing and deliberating on the results of the 2023 financial year.

The agenda included essential items such as the assessment and deliberation on the Management Report and Accounts for 2023, the deliberation on the allocation of the results for that year, among other matters of relevant interest to the company.

The General Meeting was attended by members of Cabnave’s governing bodies, including the representative of the State, as majority shareholder, Nádia Teixeira, Portfolio Manager of the State Business Sector Monitoring Unit (UASE), as well as other shareholders of the company.

During the session, the financial and operational results for 2023 were presented and discussed, highlighting Cabnave’s main challenges and achievements. The deliberation on the allocation of the results was aimed at defining strategies for reinvesting and distributing profits, with a view to ensuring the company’s sustainable growth.

This annual meeting is extremely important for transparency and strengthening corporate governance, allowing shareholders and managers to align their expectations and outline the next steps for Cabnave’s development. Through this event, the company reaffirms its commitment to management and the continuous search for improvements that guarantee its prominent position in the naval sector.

Cabnave Estaleiros Navais de Cabo Verde, S.A. reinforces its commitment to the preservation of Pedra de Doca, a gesture of sponsorship that underlines the proximity and importance of this site both for the city of Mindelo and for the company itself.

This commitment was formalized on June 4, 2024, with the placement of a plaque identifying Cabnave as the beach’s sponsor. This symbolic act marks the beginning of a series of actions dedicated to the protection and enhancement of Pedra de Doca.

With this formalization, Cabnave assumes responsibility for the regular cleaning of the beach, as well as promoting awareness campaigns aimed at preserving the oceans. In addition, the company undertakes to invest in improving access to the site, ensuring that Pedra de Doca continues to be a space valued by the community.

The Minister for the Sea, Abraão Vicente, was present at the plaque unveiling ceremony, highlighting the importance of this commitment to environmental conservation and the sustainable development of the São Vicente region.

As part of the celebrations for World Oceans Day, Cabnave Estaleiros Navais de Cabo Verde, S.A. organized a clean-up campaign at Pedra da Doca, a bathing area sponsored by the company.

This important initiative saw the active participation of Cabnave’s employees, who were deeply engaged and committed to preserving the environment. The clean-up action was aimed not only at removing waste, but also at raising community awareness of the importance of conserving our marine resources.

Through initiatives like this, Cabnave reinforces its ongoing commitment to sustainability and the protection of the oceans. The company believes that concrete actions of environmental responsibility are essential to ensure a healthier and more sustainable future for generations to come.

The participation of employees in this campaign highlights the spirit of solidarity and collective responsibility for a cleaner and safer environment. This joint effort is a clear example of how joining forces can bring positive results for the community and the environment.

Cabnave will continue to promote and support initiatives aimed at preserving the oceans, reaffirming its role as an active agent in the fight for sustainability and the protection of our natural resources.