Panama: Shipyard in Puerto Armuelles Concessioned

The planned investment is $542 million for construction and operation of a shipyard for vessels weighing up to 170 thousand tons.

Monday, April 14, 2014

A resolution of April 8, 2014 by the Cabinet Council of Panama states that it was agreed "... to award a contract that grants in concession a total area of ​​73 hectares. + 2468.729 m2, comprising an area of ​​sea bottom measuring 59 has. + 8957.781 m2, beach area 12 hectares. + 3310.883 m2 area and sea shore 1 hectare. + 200 065 m2, located in Puerto Armuelles, district of Baru, Chiriqui Province, for a period of twenty (20) years to the company ASTIMAX PANAMA, SA ... represented by Frank Leon Ponte. "

The concession area will be used for construction, installation and operation of a shipyard for maintenance and repair of Panamax vessels and Post Panamax bulk carriers weighing 150 thousand to 170 thousand tons.

As recompense for the grant, the Maritime Authority of Panama at the end of the 20 years will have received from Astimax Panama "... the sum of $26 million."

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Panama: Marine Concession in Causeway Expanded

April 2014

For 20 years the company Amador Marina will have available 11 acres of sea bottom for the construction of breakwaters, piers, and slips for yachts up to 220 feet and other amenities.

The estimated investment is $22 million, and the Panama Maritime Authority in return will receive, at the end of the twenty year award, the sum of $5,086,000.

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.

New Tender for Balboa Shipyard

May 2012

The Panama Maritime Authority has reopened the $19.8 million tender, a concession for the development, management and operation of a shipyard on the Pacific coast at the Port of Balboa.

The new date for submission of bids is June 8th, 2012.

The contract is to grant a concession for the development, management and operation of a shipyard in the Pacific Sector, the Balboa port complex in the Province of Panama.

Progress on Shipyard Tender in Panama

October 2011

The Maritime Authority has taken receipt of the Braswell Shipyard facilities, for safe keeping for the duration of the bidding process that will award a concession for its management.

A press release from the Maritime Authority of Panama reads:

The Maritime Authority of Panama received on 7 October, the shipyard's facilities located in the Pacific area, better known as Braswell Shipyard, for the purpose of safeguarding them while the tender process takes place and a concession is granted for them.

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