Glance at global maritime trade: Shipping industry adapts to low cyclical growth

Shipping industry adapts to low cyclical growth

By Franklin Castrellón

The impact of slow current economic growth in world trade has led the maritime industry to make adjustments in response to economic, political, demographic and technological trends. This is revealed in a study by IHS entitled, “Trade and the Maritime Industry, Global Trends 2016”.

“Understanding these trends is key to improving the performance of capital investment and operational efficiency, and provides the foundation for successful business strategies in the long term,” says […]

Mixed companies paid millions, why not Panama Ports?

Panama Ports, Cristóbal.

By Franklin Castrellón

The ten joint ventures increased their contributions to the State by 36.3% in fiscal year 2015, the director of the Department of Investment, Concessions and Risks (DICRE) of the Ministry of Economy and Finance, Jorge Dawson, told The Bulletin,.

The contributions totaled $163.4 million in 2015 compared to $119.9 million in the previous year.

The greatest contribution in 2015 corresponded to the hydroelectric generating company, Enel Fortuna, with $40.98 million, followed by […]

Simulators gaining ground in Central America

Simuladores para todo propósito.

The Panama Canal simulators used to train pilots and tug operators has allowed the development of personnel in required skills

They are useful for ports and shipping, construction or even in handling weapons. Training simulators now seek to gain ground in Central America, Panama and Honduras where they are using this technology to train their workers.

The President of E Tech Simulation (ETS) a company based in the US and Canada and with a presence […]

Government supports students in the maritime sector

President Juan Carlos Varela recently visited students who received scholarships from the Institute for Training and Development of Human Resources (IFARHU) who are leaving for Portugal to study for undergraduate and graduate degrees focused on the maritime and logistics sector.

The logistics and maritime sector is one of the pillars of the Panamanian economy, contributing about 25% of GDP.

That is why the Government has drawn a priority route 2015-2019, which identifies those projects and […]

Dominican logistics “hub” suggested

Dialogando sobre “Supermercado del Caribe”.

The Dominican Association of Cargo Centers and Logistics Operators (Asologi) suggested that the Dominican State visualize the country as a “hub” or logistics center, as in Panama, because with these conditions trade would increase, the government raise more money and more jobs would be created in the economy.

Panama has four million inhabitants and the Dominican Republic 10 million and if the trade done with Haiti is added to the sum, which has 10 million […]

SEMINSA offers fire equipment services

SEMINSA, ofrece servicios contra incendios

“SEMINSA” (Servicios Maritimos e Inspecciones, S.A.) is a company that provides fire safety services to the maritime industry. Its mission is to provide best services and encourage the maintenance and safety of all fire-fighting equipment on board ships, ensuring optimum performance in order to safeguard human life and meet established standards.

SEMINSA offers industry inspections, maintenance, repairs and fire equipment supplies, breathing, rescue and security equipment. The company makes visual inspections if cylinders, fire extinguishers, […]

Panama promotes short sea shipping

Panama is in search of new areas of leadership at the regional level to boost Maritime Short Sea Transport (SSS) which is part of the Mesoamerica Project, with the aim of achieving greater integration, increase intra-regional trade and create new jobs.

José Miguel Rovira, director of Planning of the Panama Maritime Authority (AMP) and José Dopeso, director of Maritime Affairs and Ports of the Central American Commission on Maritime Transport (Cocatram) explained that in November […]

Week in Review – October 4


The administrator of the Panama Canal Authority (ACP) Jorge Luis Quijano, said that the health of the waterway as a company “is very good” and that it will make this year’s contributions to the State of above $1,000 million. “The health of the Canal is very good, with contributions from surplus, plus tolls, which will exceed one billion dollars, which is very good for any company,” said Quijano, addressing journalists shortly before participating […]

Free Zone Users await sanction of retaliation law

Usha Mayani, President of the Colon Free Zone Users’ Association, indicates that they are watching the enactment of the Act of retaliatory measures, that was approved on third reading by the National Assembly. Mayani noted that Bill 370, subrogating Law 58 of 2002, establishes retaliatory measures in case of discriminatory restrictions against the Republic of Panama, as is happening right now with Colombia.

The measures imposed by Colombia have greatly affected the operations of the […]