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.
