Panama Eyes New Shipbuilding Opportunities

With an aim to boost shipbuilding in the country and attract investment in its maritime industry, the Government of Panama has presented a new bill dedicated to the development of the mentioned industries, the Panama Maritime Authority (AMP) informs.

The bill focuses on fulfilling the country’s need to establish shipyards that would be capable of constructing large ships in Panama, as well as creating an attractive environment for investment by ship financing entities.

The country, which has one Panamax-size shipyard focused on ship repairs, is looking to start building big vessels, namely containerships.

According to the authority, the country’s geographical position favors the development of these activities which have not yet been exploited.

The country is currently testing all systems on its expanded Panama Canal project, which is in its final stages as the repairs on the leaks have been completed.

Panama Canal Administration (ACP) recently said that less than four percent remains to complete the overall project. The finished canal is expected to be inaugurated in the second quarter of 2016.

The new bill, referred to as the Shipbuilding Finance Promotion Law, was presented by Panama’s Minister of the Presidency Álvaro Alemán and Minister of Maritime Affairs Jorge Barakat Pitty.

World Maritime News Staff

Share this article

Follow World Maritime News

In Depth>

Events>

<< Sep 2019 >>
MTWTFSS
26 27 28 29 30 31 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 1 2 3 4 5 6

The Smart Ship Exchange

The Exchange will look at the issues involved with increasing autonomy in shipping with an introduction to the concept…

read more >

3rd MarSat Workshop

The MARSAT project wants to operationalise and standardise EO products and aims to develop…

read more >

Global Sustainable Shipping Forum 2019

The event will provide valuable insights from conference sessions, great networking opportunities and will offer…

read more >

OEE Conference & Exhibition 2019

OEE2019 is organised by Ocean Energy Europe, the industry association representing ocean energy in Europe.

read more >