Panama Ports could loose concession

Panama Ports podría perder concesión

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.

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Panama gets ready to defend itself

La Zona Libre de Colón está sufriendo con las medidas impuestas por Colombia.

“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 […]

Suez Canal expansion fails to meet expectations

Canal de Suez.

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, the best on contract logistics

De izquierda a derecha: Brent Blake CFO Americas de DB SCHENKER; el Sr. Edgar Urrutia MD Central America de Schenker Panamá; Philippe Gilbert CEO Americas de DB SCHENKER

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 […]

Panama adopts ballast water agreement

Regulaciones para disponer del agua de lastre.

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 […]

Panama and Peru look at Pacific tourist route

During a recent visit to Peru, Panama’s Minister of Commerce and Industry, Augusto Arosemena, promoted a broad portfolio of projects of interest to Peru.

He made his presentation at the “Panama Invest 2016 Peru,” highlighting the potential and advantages of Panama’s economy, maritime logistics “hub” and tourism projects.

Describing his encounter with Peru’s Minister of Trade and Tourism, Eduardo Ferryros; Minister Arosemena said: “It was a meeting in which we sought to establish a roadmap, […]

Super yacht “Legend” joins the Panama Register

The Legend.

The super yacht “Legend” has just joined the fleet under Panamanian flag. This is the result of new business strategies for expansion of the Ship Register to enter non-traditional markets, implemented by the Panama Maritime Authority (AMP) that has received a very positive response.

The magnificent “Legend” with IMO number 7367835, has the following dimensions: 77.40 meters long and 13.64 meters wide, of 2,290 gross registered tons (GRT). She was originally built in 1973, but […]

Canal opens doors to regional hubs

The recent opening of the expanded Panama Canal has helped pave the way for the new era of “large transport” for North and South America.

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 […]