Sponsored By

Pemex in $410m order at Spanish shipyard investment

Petroleos Mexicanos (Pemex) plans to build three tankers and a supply ship and a tuna fishing boat in 2014 at the Barreras shipyard in Vigo, a city in the northwestern Spanish region of Galicia, spending a total of EUR300m ($410m) on the vessels, having taken a stake in the yard.

Michele Labrut, Americas Correspondent

December 18, 2013

1 Min Read
Kalyakan - stock.adobe.com

Pemex and Barreras closed their investment deal on 26 November, with the Mexican oil company purchasing a 51% stake in the Spanish shipyard for EUR5.1m.

Negotiations are being held for three other large vessels and an international tender for construction of floating hotels appears set for resolution by the end of this year, Carlos Roa, a senior executive with Pemex, said.


An agreement has also been reached for the opening of a Barreras shipyard in Mexico, Roa said.



Pemex, which will have three seats on the Barreras board, has identified two possible locations in Mexico for a shipyard, with the final decision hinging on the presence of associated industries in these areas, Roa said. The technical cooperation agreement could lead to the transfer of workers from Mexico to Spain and in the other direction, the Pemex executive said.

About the Author

Michele Labrut

Americas Correspondent

Michèle Labrut is a long-time Panama resident, a journalist and correspondent, and has continuously covered the maritime sector of Central & Latin America.

Michèle first came to Panama as a press attaché to the French Embassy and then returned to the isthmus as a foreign correspondent in the 1980s.

Author of Seatrade Maritime's annual Panama Maritime Review magazine and of several books, Michèle also wrote for Time magazine, The Miami Herald, NBC News and the Economist Intelligence Unit. She has also collaborated in making several documentaries for the BBC and European and U.S. television networks.

Michèle's profession necessitates a profound knowledge of the country, but her acumen is not from necessity alone, but a genuine passion for Panama.

In 2012 she was awarded the Order of Merit (Knight grade) by the French Government for her services to international journalism and in 2021 the upgrade to Chevalier grade.

Get the latest maritime news, analysis and more delivered to your inbox
Join 12,000+ members of the maritime community

You May Also Like