Panama Ports Company awards 275 scholarships

On May 4 Panama Ports Company made its annual presentation of scholarships to 267 students, children of employees of the ports of Balboa and Cristobal to undertake their primary, secondary and university education, which is a company effort to support the future opportunities of these young people of Panama and Colon.

This Panama Ports Company (PPC) program is to support employees who are parents of students with high academic averages, which began seven years ago [...]

IDB helps identify areas for logistics development

A master plan must be developed

The Ministry of Commerce and Industry (MICI) together with the Inter-American Development Bank (IDB) recently organized workshops to identify potential areas for the development of a logistics infrastructure.

These working groups included representatives from the private and government sectors to determine priority actions needed to place projects on the National Agenda.

The IDB consultant, Marelia Martinez Rivas, said that in the discussions it was concluded that if the country [...]

Panama Canal Authority refines toll hike proposal

No specific numbers have been mentioned yet

Later this year the Panama Canal Authority (ACP) will present to its Board of Directors the comments it has received from users and customers about the new toll structure that is planned to come into effect from 2015.

Since late 2012, the administration initiated meetings with users’ representatives and customers to collect their comments on the toll hike that is planned “without mentioning specific numbers yet.”

The hearing [...]

San Antonio breaks record in transfer of reefer containers

CSAV Suape embarked 880 refrigerated containers

A new container handling record has been set by San Antonio Terminal Internacional (STI) by making the transfer of 2,726 reefer containers plugged into the Sites N ° 1 and N ° 2.

This volume also means a new mark in relation to domestic Chilean ports.

The operator, STI, said that record is because “during the last weeks of the fruit season the number of reefer [...]

Latam to reduce CO2 emissions

New containers are very light

Latam airline and its affiliates announced the acquisition of 3,517 Kevlar ultralight air cargo containers from Nordisk Aviation Products.

The modern containers will replace those currently used in all cargo operations of Lan Cargo and its respective affiliates, MasAir, Lan Cargo Colombia and TAM Cargo.

These containers allow the movement of large amounts of cargo in a single unit, in addition to moving various types of cargo with efficiency, [...]

Is shipbuilding still too high?

Last year deliveries of new vessels declined 10%

According to the latest monthly report published by RS Platou, international ship & offshore brokers and investment bankers, in the past ten years there has been a significant increase in shipbuilding capacity in all shipyards around the world.

Deliveries grew from 18 million CGT (compensated gross tons) in 2002 to peak in 2011 at 44 million CGT. Shipyards built tonnage above 30,000 dwt (deadweight tons). Last year [...]

Japan requests cap on Panama Canal tolls

By Denis Smith

Concern that increasing Canal tolls could cripple efforts to maintain a stable energy supply in Japan was raised at a meeting with President Ricardo Martinelli and Foreign Minister, Fernando Nunez Fabrega, in Panama recently by Japan’s Foreign Minister, Fumio Kishida.

The basis for the concern is shipping shale gas from the US and Canada to the island nation via the Panama Canal. Kishida said that shipping companies which transport the natural gas [...]