HMS ALBA.......National Port Company, EPN, to have new Shipping Fleet
The last national flag shipping line, the Mamenic Line, was owned by the Somoza family. After the Revolution it became Naviera Nicaragua (Nicaraguan Shipping) but was declared bankrupt after the electoral defeat of the first Ortega government
However, the National Port Company, EPN, aims to have a boat ready to be part of the first (new) Nicaraguan flag shipping line, said the President of that institution, Virgilio Silva.
Traditional exporters felt that this idea would be a great achievement for the country as it would save "time and cost" to the users of this service.
Beef cattle, live cattle, milk and cheese, tobacco and coffee are some of the products that Nicaragua exports to the Venezuelan market and that could go for this new shipping line.
The official added that the boat EPN will have the capacity to transport 3,500 tons and will be used to export and import goods between Nicaragua and the member countries of the Bolivarian Alternative for the Americas, ALBA.
Silva said that the boat is being repaired and that work is being done with funds from EPN in the amount of $ 1.5 million.