Urriola Panama should know if it is sitting on oil

Una de las petroterminales ubicada en la costa de Chiriquí

By Franklin Castrellón

Noting that studies made to date show interesting evidence of the possible existence of oil in commercially exploitable quantities in Panama, former Energy Secretary, Juan M. Urriola, considers it appropriate for the country to deepen the studies on its oil reality.

“Panama should know the resources available,” said Urriola, who was closely tied to that issue when he served in the energy office under President Ricardo Martinelli, until July 1, 2012, when [...]

Hiccups bugging Panama Customs

Daniel Isaza and Severo Sousa.

Logistics and Customs agents have reported inconsistencies in the application of standards and inefficiency and slowness of the computer systems used in Panama Customs processing.

Although the country is the main logistics hub in the region, businessmen and Customs brokers indicate the presence of obstacles, such as poor management of the SIGA computer system, affecting the service and preventing improvement of the competitiveness of Panamanian trade.

The Logistics Business Council (COEL) was founded on February [...]

Week in Review – Vol. 33 No. 46

National newsbriefs

ALL IN ONE

The president of the Colon Free Zone Users’ Association (AU), Luis Germán Gómez, met with the Vice President and Chancellor, Isabel Saint Malo, to renew the AU’s interest in retaliation against Colombia for tariff restrictions. However, it was determined that Colombia would see these issues in the context of the Free Zone and that everything on the table would be seen as one integrated subject.

OECD INTIMIDATION

The Organization for [...]

Move over X-rays, muon tomography is coming

Panamá está utilizando métodos de seguridad anticuados para cargamentos

Muon tomography may sound like a medical or science fiction term, but it is actually a scanning technology available today that threatens the X-ray.

This was the explanation given to members of the Panamanian Association of Cargo Agents by Mr. Hampton Dowling, Managing Partner of HCB Group, LLC.

After explaining the dangers and disadvantages of X-ray scanners, Mr. Dowling explained that in outer space, the high-energy protons are omni-present, and on entering the Earth’s upper [...]

Ferry Xpress sets sail to Bocas del Toro

Ferry Xpress de Colon 2000

Travelers can now enjoy two days aboard a ship in the Bocas Del Toro islands, an internationally renowned destination with tropical architecture, music and authentic gastronomy.

The ship Ferry Xpress reached Isla Colón on its first voyage on Saturday, October 25.

This began the sightseeing cruises from the Port of Colón 2000.

This new tourism product is providing services of a cruise ship to the islands. The trip from the city of Colón lasts 12 [...]

Panama has logistics lead but also suffers in Central America

On November 5 and 6, logistics industry experts gathered in San Jose, Costa Rica, to discuss issues such as the impact of the deterioration of infrastructure on the economies of Central America.

The event was organized by the Latin American Center for Competitiveness and Sustainable Development (LACCSD) focusing their analysis on the status of ports, airports, roads and border crossings and their impact on the economies of the region.

Víctor Umaña, deputy director of LACCSD, [...]

Costa Rica sees ship supply opportunities in Panama

A statement from the Foreign Trade Office of Costa Rica (Procomer) indicates that the expansion of the Panama Canal opens opportunities for Costa Rican exporters to supply vessels.

It points to fresh and processed foods, cleaning and personal care products, safety and maintenance equipment, packaging, cooking and cleaning supplies having the potential for Costa Rica to supply the vessel segment.

“The growth of the maritime industry in Panama opens opportunities for Costa Rican exporters to [...]

Canal expansion breakthrough with arrival of last gates

The Panama Canal expansion has reached another major milestone with the arrival of the last four gates for the new locks.

In the presence of President Juan Carlos Varela, the four gates arrived at the Atlantic entrance of the canal aboard the pospanamax ship Xia Zhi Yuan, after a voyage of 25 days from the port of Trieste, Italy.

“Today is an historic day for the Panama Canal that marks the beginning of the final [...]