MoF, Issues Feasibility Study Project for Expansion of 'Peru State-Owned Shipyard'... "Expecting Foundation for Korean Companies' Entry"

Satellite photo of Kaya-o Shipyard.

[Sejong=Asia Economy Reporter Joo Sang-don] The Ministry of Oceans and Fisheries announced on the 11th that it has selected the "Feasibility Study for the Expansion and Modernization of the Callao Shipyard in Peru" project as this year's first overseas port development support project, and plans to announce the project selection plan within this month and select the project operator around April to begin the full-scale investigation.

This project will include preliminary feasibility analysis, demand forecasting, economic and financial feasibility, and investment and operational risk analysis.

Peru is a country showing stable economic growth (4% in 2018). As one of the economic development tasks, it has selected the enhancement of shipbuilding and ship repair facilities capable of handling Panamax-class cargo ships (50,000 to 80,000 DWT) that can pass through the Panama Canal, and is actively requesting cooperation from South Korea, which possesses relevant experience and technological capabilities.

The Korean government is currently supporting the establishment of national policies related to shipbuilding and ship repair in Peru as part of the Knowledge Sharing Program (KSP). During this process, the Peruvian Ministry of Defense requested support for a feasibility study for the expansion and modernization of the Callao shipyard.

An official from the Ministry of Oceans and Fisheries said, "The Callao repair shipyard is the largest shipyard in Peru, and the Peruvian state-owned enterprise (SIMA) plans to directly use its resources to expand and modernize this shipyard," adding, "Through this feasibility study project, it is expected that a foundation will be established for our companies to enter the overseas port development market."

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