The recent 2013-14 National Budget of Trinidad and Tobago firmly highlighted the government’s intention to endorse Shipbuilding and Repair as a means of diversifying our traditional oil and gas economy. Trinidad & Tobago is in the middle of the world’s shipping lanes with an approximate 31,000 voyages per year passing within 25 nautical miles, positioning the location as an attractive choice for vessels traversing these principal routes. In addition, approximately 14,000 oceangoing vessels pass through the Panama Canal each year and this is expected to double after mid-2015…