Ship Catering: Tasty Business

The potential market for supplying ships going through the Canal is of $300 million a year just in food.

Tuesday, July 28, 2009

In materials necessary for their operation, those 4.500 ships consume an additional $700 million a year.

But nowadays this supply is not done in Panama, because the country lacks the necessary infrastructure to provide the supply services required by the ships. Only $50 million of this market stays in Panama.

An analysis in states that "Even though the majority of the ships are purchasing articles and products outside of Panama, sea routes are forcing some of shipbuilders to purchase from Panamanian companies. One of the materials being required are tools."

More on this topic

Financing for Ships in Panama

May 2015

A bill aims to take advantage of the business of flagging large vessels in order to provide financing options locally.

The initiative aims to capitalize on two elements: being the leading country worldwide for flagging ships and having an international financial center with capacity to finance works and large projects.

Opportunity for Supplying Vessels in Panama

November 2014

Analysis of the characteristics of the business of supplying ships in Panama, participating companies, products and services required, and eligibility requirements.

From a statement issued by the Costa Rican Foreign Trade Promotion Office (Procomer):

- Expansion of the Panama Canal opens up opportunities for Costa Rican exporters to supply vessels

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