Braswell Shipyard Tender

With a price tag of nearly $29 million, the concession has attracted local and foreign investors.

Tuesday, January 17, 2012

The main disagreement expressed by local businesses is the requirement for prospective licensees to have between 20 and 40 years of experience in managing similar projects, which would leave them out of competition. "The Marine Engineers Corporation (Panama) Inc. (MEC group), one of the companies interested in participating in the tender, filed the first complaint on 16th January. Attorney Julio Cesar Espinosa, who works for the company, said in the complaint that 'in the Republic of Panama and the Central America area there aren't any private company that fulfils these requirements", when referring to the range of between 20 and 40 years of experience required in the tender specifications. It Indicates that that they are looking for the successful proponents to have the administrative, operational and specialized capacity, but ‘this high expectation reduces regional competition and does not recognizes the achievements of national shipyards who have been in existence for more than 10 years, a significant period of experience'. "

One of the questions already answered by the AMP relates to the concession not including "Maritime Rights", which corresponds to the Panama Canal Authority.

"It is believed that an investment of at least $5 million is needed to reach full capacity on the three dry docks located at the shipyard. In addition, $3 million must be invested in groundworks, operation and management of the shipyard in general. This gives a total of $8 million as a minimum investment required by the company making the offer. "

More on this topic

Panama Awards Concession of Shipyard in the Pacific

January 2013

The Consortium MEC Shipyards has taken possession in concessional format of the former Braswell Shipyard, and will pay $99 million over a 20 year term.

From a press release from the Panama Maritime Authority:

State will receive $250,000 monthly rent in the first year of the concession.

MEC Shipyard Wins Concession

July 2012

The Panama Maritime Authority has formally awarded the consortium made up of the Panamanian company Marine Engineers Corporation and MEC Balboa Shipyard.

Other bidders now have five days to file appeals against the decision of the MPA.

MEC Shipyard’s bid was for $99.1 million ($250 thousand a year) for the 20 year concession for the administration and operation of the shipyard in Balboa, formerly operated by Braswell.

MEC Shipyards has Best Offer for Panamanian Shipyard

June 2012

The consortium MEC Shipyards submitted the best offer in the tender for the 20 year concession of the shipyard located in the Balboa complex.

The Evaluation Commission of the tender process presented a report which indicates that the consortium MEC Shipyards consisting of the Panamanian company Marine Engineers Corporation and MEC Balboa Shipyard of the Kardonski group, submitted a bid for $99.1 million for the 20 year concession or $250 thousand a year. The score was 91 points awarded out of a total of 100.

New Bids on Former Braswell Shipyard

June 2012

In a second tender created by the Panama Maritime Authority to grant the administration and operation of the yard in Balboa, four companies have participated.

The bidders are the same as in the first tender, with the only difference that MEC Shipyards (formerly MEC Dry Docks) has now partnered with the Kardonski group instead of IBT.

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