Nelson: 300 New Jobs Coming to Panama City

PANAMA CITY, FLORIDA - A Brazilian company has agreed to build five ships in this city’s port and is bringing at least 300 new jobs there to Eastern Shipbuilding Group, U.S. Sen. Bill Nelson said today.

Nelson got word of the decision earlier today from the federal Maritime Administration within the Department of Transportation. Maritime Administrator David Matsuda told Nelson the Brazilian company, Boldini S.A., would use Eastern Shipbuilding in Bay County for the work.

Boldini plans to use Eastern for the construction of five 282-foot-long platforms that will be put to work in Brazil’s offshore industry. Federal transportation officials estimate the job will add some 300 new workers to Eastern’s payroll.

“The work could start in as soon as six months,” Nelson said. “This will create well-paid jobs during a critical period in Florida’s economic recovery.”

Nelson has been involved in advocating for a decision on a loan guarantee from the Martime Administration for Boldini for some time now. In December, he wrote Matsuda in support of the pending $250,000,000 contract. It’s unclear as of now how much Boldini is borrowing toward the contract.

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