Braswell To Operate Panamanian Yard

Elliott S. Braswell Sr., chairman and chief executive officer of the Braswell Services Group, Inc., Charleston, S.C., recently announced the formation of Astilleros Braswell International, S. A., a Panamanian company. This company will further expand Braswell Ser- vices Group, Inc.'s ship repair capabilities, which currently include locations in Savannah, Ga., Charleston, S.C., Jacksonville, Fla., andPort Canaveral, Fla.

Astilleros Braswell International, S.A., will operate the shipyard and drydock facility located at the Pacific entrance to the Panama Canal in Balboa, Republic of Panama.

Assignment of the concession, which belongs to the National Port Authority, has been approved by the government of Panama and the shipyard, which includes a Panamax size drydock plus two smaller drydocks, has started operations. It is anticipated the shipyard will employ approximately 300 marine tradesmen.

Elliott S. Braswell Jr., president and chief executive officer of Astilleros Braswell International, S.A., will direct this and other international ventures for the parent company.

Joseph Cangelosi has been appointed general manager and chief operating officer for the new company, while Rudolph Matzner was named assistant general manager and chief financial officer.

Elliott S. Braswell Sr. believes the location of the facility and the very favorable economics of the region will enable Astilleros Braswell International to provide attractively priced alternatives to the more costly ship repair services available in the world

Other stories from November 1991 issue


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