We look forward to creating a hub for technology and innovation here in Panama. Our goal is to figure out how to live sustainably on the sea and chart new waters in this new frontier.
PANAMA CITY (PRWEB) October 10, 2020
Out of adversity comes opportunity, so they say, and a group of marine engineering entrepreneurs is taking advantage of the current downturn in the cruising industry to expand their operations in Panama.
The Crypto Cruise Ship is being prepared to set sail from the Mediterranean and anchor in the Gulf of Panama. The 804 ft ship, recently purchased from a major cruise line, is to be named MS Satoshi. It includes 777 cabins with a capacity of 2020 people plus crew and crew quarters. Facilities include multiple restaurants, a theatre, casino, gym and wellness areas. The ship will be used for residency, tourism, research, and office space. It will also provide an incubator environment for entrepreneurs.
Cabins will be sold in an upcoming auction to those interested in owning a permanent residence on the ship. Vacation rentals will also be available.
The cabins will be sold by Ocean Builders, the company currently building floating homes on the Caribbean coast of Panama. Ship operations will be run by a spinoff company, Viva Vivas.
The ship will be anchored a 30-minute ferry ride away from Panama City in the Gulf of Panama. While Ocean Builders recently began construction of its floating, off-grid SeaPod homes on the Caribbean side of Panama, they plan on housing employees on the ship as they begin building on the Pacific side as well. Their goal is to create a floating community for the advancement of ocean technology, engineering, sustainable living, and experimentation.
The MS Satoshi will become an incubator for innovation and entrepreneurship. It will be a gathering place for digital nomads, cryptocurrency enthusiasts, expats, researchers, and entrepreneurs. As key investor Chad Elwartowski, COO of Ocean Builders, says, “We look forward to creating a hub for technology and innovation here in Panama. Our goal is to figure out how to live sustainably on the sea and chart new waters in this new frontier.”
Ocean Builders hopes that entrepreneurs will come aboard to run restaurants, events, fitness classes, and other businesses on the ship.
Residents will pay an ongoing fee for the upkeep of the ship and amenities, amount yet to be determined. Ocean Builders is able to assist residents with acquiring permanent residency in Panama if they are interested in living in the country full time.
200 cabins will be available in the first round of the auction, which begins November 5th and ends November 28th. Cabins are tentatively priced between $25,000-$50,000. The ship will be ready for residents to move in by early 2021.
For more information about Ocean Builders and the MS Satoshi, visit: