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>

<< Feb 2019 >>
MTWTFSS
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 1 2 3

FPSO Brazil Congress 2019

Charging ahead with 24 planned orders by 2022, Brazil has once again solidified its status as one of the world’s foremost oil and gas leaders…

read more >

2nd CWC Japan LNG & Gas Summit

The highly successful CWC Japan LNG & Gas Summit returns for a second year…

read more >

GREENTECH IN SHIPPING GLOBAL FORUM

The mindset of sustainability and efficiency is the key to unlocking successful business…

read more >

LNG2019

LNG2019 features the largest number and highest level of LNG industry leaders.

read more >