Panama Awards Concession of Shipyard in the Pacific

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.

Friday, January 18, 2013

From a press release from the Panama Maritime Authority:

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

Panama has witnessed the opportunities brought by the Panama Maritime Authority (AMP by its initials in Spanish), for the country during this administration. Every day, and day after day, our team has fulfilled the goal of developing our maritime and port sector nationally and internationally, demonstrating a high degree of professionalism and commitment to Panamanians", said the Manager of AMP, Roberto Linares.

Therefore, we are pleased to report that the National Government, through the AMP, presents in concession the dockyard located in the Panamanian Pacific, to the consortium who won the tender issued previously, MEC Shipyards Consortium, composed of Marine Engineers Corporation and MEC Balboa Shipyards, of the Kardonski group.

For the new concession of the Pacific Shipyard, formerly Braswell, the State will be paid a rental fee of $250,000 per month, from the first year, increasing each year for the next 20 years. The previous grant paid only 250-300000 dollars annually.

At the end of the grant, the state will have received the sum of ninety-nine millon, one hundred ninety-seven thousand eight hundred sixty-two dollars thirty-one cents.

More on this topic

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.

More Complaints Over Balboa Shipyard Tender

March 2012

Talleres Dry Docks, one of the four bidders, argues that the bid put forward by Astipac, the likely winner, should be rejected for not meeting the required deposit amount.

The Public Procurement Directorate (DGCP in Spanish) has received a second appeal by another participant in the tender for the Balboa shipyard, formerly known as Braswell Shipyard.

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