Peru published Law No. 32706 in the Official Gazette on 4 July 2026, which provides for the introduction of incentives to promote the modernization of the commercial fleet used for national coastal shipping and to boost the local naval industry, including shipbuilding, repair, and maintenance. The primary incentive is a reinvestment incentive that allows national shipping companies to deduct 100% of the amount they reinvest from their net taxable income during the fiscal year the investment …