Bi-Lingual Newspaper which focuses on Logistic News and Information for Panama and Around the Globe
Ehrior Sanabria After the strike at Panama Ports Company (PPC) in Balboa last April, the international shipping industry has been asking repeatedly when there will be another port on the Pacific side. The dependence on one (PPC) is not sufficient for a country such as Panama, competing to be the Hub of the Americas. Mr. [...]
Week in Review PPC ON STRIKE AGAIN Workers of Panama Ports Company (PPC) reported on May 9 a “wave of redundancies” in Balboa and Cristobal. In Colon, 10 dismissals were reported, while in Panama the figure could be higher. The Chinese-owned company recently reported millions in losses for clients after overcoming a dock stoppage declared [...]
Maersk Line says its Daily Maersk Asia-North Europe service that has been running for six months has achieved 97% reliability over that period and, more recently, has exceeded 99%. Ole Pradsgaard, Daily Maersk Project Lead, said: “We are extremely pleased to see the on-time delivery rate for Daily Maersk improving month by month.” The Danish [...]
Asia Pacific airlines received higher revenue, but lower profits last year. The Association of Asia Pacific Airlines (AAPA) said the total net profit of $4.8 billion in 2011 was down 47% on the previous year, due to higher oil prices and a weaker cargo market. Based in Kuala Lumpur, AAPA said total revenue among its [...]
Evergreen Line and Crowley Latin America Services have filed a slot-charter agreement that will allow Evergreen to provide weekly northbound and southbound service between Florida, Panama and Puerto Limon, Costa Rica. The new service for Evergreen will include sailings between Miami via Colon Container Terminal, an Evergreen-owned and operated facility in Panama, and Puerto Limon, [...]
Australian mining magnate, Clive Palmer, has announced plans to enter the cruise ship business by building a modern version of Titanic, local media has reported. Palmer said in Brisbane, Australia, that he had signed a memorandum of understanding with state-owned Chinese company CSC Jinling Shipyard to build Titanic II. Titanic II’s maiden voyage from England [...]
Containerized port movement of Latin America and the Caribbean reached 41.3 million TEUs in 2011, an increase of 11.1% compared with 2010, according to the latest CEPAL (Economic Commission for Latin America and the Caribbean) Maritime Bulletin. The report summarized information of 143 ports scattered around the region, including international traffic, empty containers, transshipment and [...]
The government has reopened the tender for the operation of the Balboa Drydock, the largest on the Pacific coast of Central and South America. The Panama Maritime Authority (AMP), declared void the first call because none of the first four bidders met the requirements of the tender. The AMP has now announced that on Thursday, [...]
The Panama Maritime Authority (AMP) has granted permits to a private development group for the construction and operation of a new container terminal to be built at the Atlantic entrance of the Panama Canal. Jones Lang LaSalle is acting as development advisor to the project consortium. The information is contained in a press release sent [...]
Week in Review MANUFACTURING NEED Panama is recognized internationally as a transshipment center. It is probably the most developed in this sense in Latin America. Just in 2011, 6.6 million containers moved through the Panamanian ports. However, for the country to make better use of its geographical position and to generate more jobs in this [...]
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