Fincantieri to build new ship repair yard in Mexico

Italian shipbuilder Fincantieri has signed a letter of intent with the Ministry of Economic Development and Labour of the Yucatán State in Mexico for the design and construction of a new ship repair, conversion and maintenance yard. 

The facility will be located at the Port of Progreso, the main port of the state and Fincantieri will be granted a 40-year concession for the exclusive management of the new yard.

The yard will have two drydocks which are able to cater to ships up to 400 m in length, particularly cruise ships, large cargo and oil and gas vessels. It is expected to serve the demand from offshore operations in the Gulf of Mexico.

Construction of the yard will start by the end of the first half of 2021.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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