The Panamanian government is considering rescinding the concession granted to Panama Ports Co., a subsidiary of Hong Kong’s Hutchison Port Holdings (HPH) for breach of the commitments agreed in the contract under law No. 5 of 16 January 1997. This is stated on the web site laverdaddepanamaports.com. The website, created to denounce alleged breaches of the powerful port operator, said that the government’s decision is based on Article 2.14.3, Termination of Contract by the State.
“The Panamanian Cabinet proposed a new law of retaliation which gives the government a range of alternatives to defend itself if a country discriminates or adopts discriminatory measures against it”, said the Minister of Commerce of Panama, Augusto Arosemena in an interview in Peru.
Interviewed by Marcela P. Saavedra in an article for Peruvian newspaper El Comercio, Arosemena said there were currently differences with Colombia over tariff factors applied by that country to products from […]
A year after the inauguration of the new section of the Suez Canal, the economic miracle promised by Egyptian President Abdel Fattah El-Sisi, has not been met.
Data on traffic through this waterway questions the profitability of the Pharaonic project.
The authorities said a year ago that the revenue generated by the canal would increase from $5,300 million in 2014 to more than $13,000 million in 2023, but expectations have not been met for the […]
Schenker Panamá, S.A., the company that develops, promotes and provides professional services in the field of international cargo transport and third-party logistics, celebrated recently its 35th anniversary of opening operation in the country with a cocktail party at the Miramar Continental Hotel.
Edgar Urrutia, managing director of Schenker for Panama and Guatemala, told The Bulletin that the company is moving its offices from Long Island to Miami to make their operations more efficient and, at […]
The full National Assembly of Panama approved, in third debate, the draft law by which the International Agreement for the Control and Management of Ships’ Ballast Water and Sediments from Ships, 2004 (BWM) seeks to prevent the uncontrolled discharge of ballast water and sediments from ships.
To avoid contamination and effects on marine ecosystems, on February 13, 2004, the International Maritime Organization (IMO) adopted the International Agreement for the Control and Management of Ships’ Ballast […]
A container making at least one transshipment stop between origin and destination is becoming more and more usual. Over time, the trend has not slowed, but has been enhanced by larger ships, shipping alliances and cargo concentration in regional hubs.
Container transshipment has become an activity of a competitive nature and is ready to become an essential part of the regional logistics chain for decades to come.
But what does the expansion of the Panama […]