Logistics sector still stagnant

A pesar que el presidente Varela se comprometió a impulsar el desarrollo logístico de Panamá, expertos en el sector dicen que no ven avances

Despite urging of CADE and PanamaMaritime

Despite the moves that private organizations such as the Panama Chamber of Shipping (CMP) and the Logistics Business Council (COEL) have undertaken to further development of Panama by creating a regional logistics platform, little has been done for this vital segment of the country’s economy since the government of President Juan C. Varela took office on July 1, 2014.

That is the conclusion shared by local members of the [...]

New bunker metering solutions for operations in Panama

El sistema de medición bunker de Endress+Hauser

By: Osmel Reyes

Every single day, bunker oil is pumped into the fuel tanks of tanker, cargo, bulk carrier and fishing ships. Particularly in Panama Canal, more than 10 000 MT [1] of bunker oil are delivered daily to tenths of ships.

The traditional quantity measurements via manual tank gauging or sounding use to be associated with a great amount of uncertainty due to error prone volume to mass calculation, as well as to the [...]

Week in Review – Vol. 34 No. 6

FRIENDY CUSTOMS

The National Customs Authority (ANA) launched a new payment system that allows online liquidation of Customs declarations and which aims to streamline business procedures and “give greater confidence to the user. “Users can perform export and import procedures from anywhere in the world, 24 hours a day, 7 days a week at no additional cost,” said the director general of the Customs institution, Jose Gomez.

WHO OWNS WHAT?

At December 31, 2014, the [...]

First arbitration for GUPC and the ACP in December

The first arbitration in an international court between the Panama Canal Authority (ACP) and the contractor for the design and construction of the third set of locks, Grupo Unidos por el Canal (GUPC), will be held in December this year.

This was announced by Ilya Espino de Marotta, the official in charge of the expansion work for the ACP, who warned that in the first arbitration, GUPC raised its complaint with the International Chamber of [...]

“Panama and Suez canals can be complementary routes”

Mohamed Farid Monib, Vicecanciller de Egipto para las Américas y la OEA

Mohamed Farid Monib, the Egyptian Deputy Foreign Minister for the Americas and the OAS, recently visited Panama.

Egypt is campaigning to join the United Nations’ Security Council next year. In this context, Deputy Foreign Minister Mohamed Farid Monib, was in Panama to strengthen the partnerships with the government of President Juan Carlos Varela and address issues such as the declared fight against Islamic terrorism, managing their corresponding canal extensions and the defense of political models [...]

New toll structure for the Panama Canal

The newly approved Panama Canal tolls scheme amends the prices of almost all segments of ships.

New “Internal Maritime Conglomerate”

The “Maritime Cluster Segment” (Conglomerado Marítimo Interno) is a new category established that includes local tourist boats, marine fuel supply vessels and container transshipment vessels that do not compete with established international trade. Tolls for this group already began to apply, while for the rest of the industry, they are scheduled to take effect April [...]

Canal Advisory Board recognizes preparations for expansion

The Advisory Board of the Panama Canal, integrated by professionals and international experts, acknowledged the progress made in expanding the waterway and the preparations for operation of the new locks.

As a result of its most recent biannual meeting, the Advisory Board announced an advance of 87.5% in the Canal expansion works as of March 2015, and recognized the steps made for training personnel for the operation of the expanded waterway.

At the meeting, held [...]

New giant of the seas enters Panama Registry

The MSC Oliver

The MSC Oliver, another new mega container ship of Mediterranean Shipping Company (MSC) has joined the Panama Registry.

The MSC Oliver and MSC Oscar, both flagged by Panama, have a capacity of over 19,000 TEUs, and are the first of a series of six mega container ships (ULCS) of the MSC Olympic Series.

They are vessels considered green and efficient because they have 35% more capacity and emit 35% less CO2 compared to other ships, [...]