What Intercoastal Marine does

Intercoastal Marine Inc. (IMI) is a Panama-based marine engineering and construction contractor established in 1995, specializing in the design and construction of maritime, lacustrine, and fluvial infrastructure under an EPC (Engineering, Procurement, Construction) modality. The company delivers ports, terminals, piers, breakwaters, coastal protection structures, offshore maritime terminals including subsea pipeline installations up to 1.4km from the coast, dredging, pile driving, and specialized marine maintenance and repair services. IMI differentiates through the largest high-capacity crawler crane fleet in Panama and proprietary expertise in constructing marine infrastructure in highly seismic areas and locations with adverse metoceanic conditions.

The company serves enterprise clients across mining (Minera Panama), oil and gas (VOPAK, Chevron, AES Andres), energy and power generation (Energia 2000, AES), port operations (Panama Port Company, Panama Canal Authority/DIPA), and general construction contractors (Vinci Construction, MAMMOET). Operating geographies span Panama, Central America, the Caribbean (Dominican Republic, Honduras, Guatemala), Colombia, Chile, and Peru. The business monetizes through project-based construction contracts and equipment rental of specialized marine assets including barges, crawler cranes, pile drivers, tugboats, and auxiliary vessels.

Since 2019, IMI has operated as part of the SalfaCorp (Chilean) and Conconcreto (Colombian) construction conglomerate group, integrated with Consalfa to combine industrial assembly, mining development, civil works, and maritime capabilities. IMI has earned industry recognition including a 2016 CEMEX Works Awards 2nd Place International and 2019 Premio VOPAK customer recognition, validating its capability in international port terminal and marine infrastructure construction.

Name

Intercoastal Marine

Legal name

Intercoastal Marine Inc.

Website

https://imi.com.pa

Company type

Private

Founded year

1995

Operating status

Operating

Headcount range

251–500 employees

Short description

Intercoastal Marine Inc. is a Panama-based marine engineering and construction contractor, founded in 1995, delivering EPC maritime infrastructure including ports, terminals, offshore platforms, and coastal protection across Latin America for mining, oil and gas, energy, port, and government clients.

Ownership category

akta.pro rank

Product category

Marine Construction Services

NAICS

Support Activities for Water Transportation (4883)

SIC

Construction Machinery & Equip (3531), Water Transportation (4400)

akta.pro primary industry

Navigation & Aids-to-Navigation Works (Beacons, Buoys, Markers) (IMAFAJAH)

akta.pro secondary industries

Navigation, Communications & Integrated Bridge Systems Engineering (IMAJAGAH), Subsea Construction & IMR Vessel Newbuilds (CSV, DSV, ROV Support) (IMAJACAD)

Keywords

• Marine construction services
• Maritime infrastructure engineering
• Port terminal construction
• Offshore pipeline installation
• Marine equipment rental

Headquarters

HQ city

Panama City

HQ country

Panama

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Infrastructure, Operations, Supply Chain, Marketing or Sales, Others

Revenue model

1. Marine Construction Services: Design and construction of maritime infrastructure including ports, terminals, piers, breakwaters, and coastal protection structures under EPC modality.
2. Equipment Rental: Rental of specialized marine construction equipment including crawler cranes, pile drivers, barges, tugboats, and other heavy marine equipment.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Intercoastal Marine Inc. (IMI) is a marine engineering and construction contractor that designs and builds maritime infrastructure under an EPC (Engineering, Procurement, Construction) modality, including ports, terminals, nearshore and offshore piers, breakwaters, coastal protection, subsea pipelines, and marine installations. The company also provides marine maintenance, repair, testing (PDA, load tests), dredging, and rents specialized marine construction equipment such as crawler cranes, barges, pile drivers, and tugboats.

Product overview

Intercoastal Marine Inc. (IMI) is a maritime engineering and construction company established in Panama in 1995, providing comprehensive infrastructure solutions for the maritime, lacustrine, and fluvial sectors. The company operates under an EPC (Engineering, Procurement, Construction) modality and offers a portfolio of services organized around three core pillars: (1) Maritime Infrastructure Construction Services including design and construction of ports, terminals, coastal protection structures, pipelines, and marine installations; (2) Specialized Technical Services including pile driving, dredging, testing services (PDA tests, static/dynamic load tests), and maintenance/repair works; and (3) Equipment Rental Services providing construction equipment such as barges, crawler cranes, pile drivers, tugboats, auxiliary vessels, and terrestrial support equipment. IMI serves diverse sectors including cruise, containers and bulk, mining, energy, oil and gas, and forestry, with operations across Panama, Central America, the Caribbean, Colombia, Chile, and Peru. The company is a subsidiary of SalfaCorp and Conconcreto.

Differentiator

Problem solved

Functional benefit

Products and services

• Maritime Engineering and Construction Services (EPC)

Named customers10 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Two partnerships are on record, tiered core and minor.

• ConsalfacoreStrategic or Co-development Partner · 1 January 2019Consalfa joined operations with Intercoastal Marine in 2019 as part of the SalfaCorp and Conconcreto group, combining experience for industrial assembly, mining development, civil works, and maritime projects.
• ProPuertominorOthersOperational company under the SalfaCorp group, operating in Chile.

Scale indicators3 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Van Oord: Dutch marine contractor specializing in dredging, land reclamation, and offshore energy infrastructure, including port and terminal construction — comparable EPC delivery model to IMI with similar seismic/adverse-condition offshore project experience.
• Royal Boskalis Westminster: Global Dutch marine services and dredging major with end-to-end offshore and coastal capabilities including port construction, terminal build-out, and subsea pipeline installation — directly comparable EPC scope to IMI's marine infrastructure services, but at vastly larger global scale.
• Jan De Nul Group: Belgian marine contractor offering dredging, coastal protection, breakwater construction, and offshore terminal EPC services — directly comparable service portfolio to IMI's ports, terminals, breakwaters, and subsea pipeline work.
• DEME Group: Belgian marine engineering and dredging group with offshore, coastal, and marine infrastructure capabilities including LNG terminals and offshore wind foundations — comparable EPC scope with stronger offshore energy terminal overlap to IMI.

Others

• Conconcreto: Colombian construction company and joint parent of IMI since 2019 alongside SalfaCorp — thematically tied via ownership, providing balance-sheet and project-pipeline synergies for IMI's Colombian and broader South American operations.
• SalfaCorp: Chilean construction and engineering conglomerate and parent company of IMI since 2019 — thematically tied via ownership, with overlapping capabilities in industrial assembly, mining development, and civil works that IMI leverages.

Regional players

• Constructora Meco: Costa Rican-headquartered regional construction contractor with significant Central American infrastructure operations including ports and heavy civil works — comparable regional Latin American infrastructure footprint to IMI, though broader in scope beyond marine-only.

Direct peers

• Orion Group Holdings: U.S.-based specialty marine contractor providing heavy civil marine construction, dredging, and port infrastructure services — comparable mid-scale marine EPC profile to IMI.
• Weeks Marine: U.S. marine construction and dredging contractor delivering coastal, port, and energy terminal infrastructure — closely comparable service mix to IMI, including pile driving, breakwater construction, and dredging.
• Great Lakes Dredging & Dock Corporation: U.S.-based marine construction and dredging contractor providing port expansion, coastal protection, and land reclamation services — directly comparable marine infrastructure EPC business model to IMI, though operating primarily in North America.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/Intercoastal-Marine-Inc-IMI-2122312604478477
• LinkedInlinkedin.com/company/intercoastal-marine-inc
• Instagraminstagram.com/intercoastalmarine.imi

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Intercoastal Marine