Fincantieri will be part of a collaborative effort to design and construct a new ship repair, conversions and maintenance yard in Yucatan, Mexico. The company has been granted a 40-year concession for the exclusive management of the new yard, work on which is expected to be completed by 2027.
The company has signed a letter of intent (LoI) with the Ministry of Economic Development and Labor of the Yucatán State to participate in the project. The facility will be located within the expansion and modernization of the Port of Progreso, the main port of the State, about 35 kilometers from the capital.
The agreement was signed remotely by the Minister of Economic Development and Labour of Yucatán, Ernesto Herrero Novelo, and by the Director of the Fincantieri Services Division, Giorgio Rizzo, in the presence of the Governor of Yucatán, Mauricio Vila Dosal and the General Manager of Fincantieri, Fabio Gallia.
The project envisages two masonry dry docks, the largest in the Americas, able to harbor ships up to 400 meters in length, particularly cruise ships, large cargos and Oil & Gas vessels. The yard will also have a lifting platform for units up to 150 meters in length, about 1,000 meters docks, cranes, workshops, special equipment, offices, and warehouses.
Initially, the creation of the yard will be carried out by the Government of the State of Yucatán. Fincantieri , along with other partners, will build the advanced facilities, including workshops and lifting equipment, and install the equipment. The company will also provide training for the staff, locally, in Italy at higher education institutes and at Fincantieri Academy.
With more than 25 years of experience in defence publishing, Global Business Press and its industry leading titles Asian Defence Technology, Asian Airlines & Aerospace and Daily News are the leading defence publications in the region, present at more international shows and exhibitions than any other competing publication in the region.