Suez Canal reduces up to 65% of its tolls

Agua Clara locks.

The Suez Canal Authority recently announced a 65% reduction of the ships tolls as a strategy to attract a more clients. This initiative appears to step the commercial battle it has with the Expanded Canal of Panama up a notch

According to the Panamanian daily “La Prensa”, together with the price reduction, the Suez administration began negotiations with shipping companies to propose a series of discounts if they pay tolls in advance.

Although both waterways […]

Preparations for the fourth bridge over the Canal are going forward

El cuarto puente aliviará el congestionamiento vehicular.

The Ministry of Public Works (Ministerio de Obras Públicas (MOP)), through the web page, Panamá Compras, has announced the change of date for the meeting with prospective contractors for the “Design and Construction of the Fourth Bridge over the Panama Canal” which will now take place from November 21 to November 25.

These approval meetings with the pre-qualified companies will be from 9:30 a.m. to 1:30 p.m. during that week at the Universidad Especializada de […]

Shipping industry supports Corozal

Ubicación planeada para el Puerto de Corozal

By Franklin Castrellón

“The arguments against the development of the Port of Corozal by the Panama Canal Authority (ACP) that Panama Ports Co. (PPC), the company that operates the ports of Balboa and Cristobal, lawyers and citizens who identify themselves as “residents” of the Diablo, have brandished, do not have enough valid arguments before the reality that the terminal is an essential piece in the transformation of Panama into a regional logistics hub and the […]

A productive trip to Europe for the AMP

Calzada Amador.

The Government of Panama is expecting that 665 new vessels, currently in construction, will register in the national shipping registry, said the Panama Maritime Authority (AMP) administrator, Jorge Barakat, after making an assessment of his October tour through Europe.

The administrator explained that in addition to that figure, the Mediterranean Shipping Company (MSC) vessels should be added, after an agreement was made in Geneva, Switzerland, with MSC president, Gianluigi Aponte, its CEO, Diego Aponte and […]

Restrictions on cargo transport in Guatemala

Los camiones sólo podrán transitar a ciertas horas.

Cross-docking by companies in certain dispatch centers could be an alternative to the problems arising from the restriction on circulation of cargo transport at certain times which was recently imposed by the Guatemala Municipality, according to the “Prensa Libre”.

Jorge Nadalini, an expert in logistics and transport, said that a direct impact will be the reduction of delivery availability, reception, distribution, warehousing and dispatch times, which will represent additional costs which many companies do not […]

Encouraging outlook for shipping companies

Hapag-Lloyd cree el movimiento de contenedores aumentará.

“The container shipping industry is approaching a better period, as a number of factors which help to balance supply and demand are beginning to take hold. Although we cannot say that the future is bright, we can say there is light at the end of the tunnel,” said Rolf Habben Jansen, CEO of Hapag-Lloyd, after the publication of the company’s profits for the first half of 2016, reported an article by “Xeneta”.

In fact, the […]

ACP rewards green customers

Un barco de GNL cruza el canal.

The Panama Canal Authority has launched a new program that incentivizes its customers to use more energy efficient ships when using the waterway.

The incentive, known as the Environmental Premium Ranking, is tied into a new customer loyalty program of sorts, offering discounted tolls for customers who use the Panama Canal more often. The environmental ranking allows qualified customers to improve their position with the Canal’s Customer Ranking System, which is taken into consideration when […]

Shipping giants form alliance

Uno de los barcos de CMA CGM.

CMA CGM, COSCO Container Lines, Evergreen Line y Orient Overseas Container Line announced the implementation of what will become the biggest shipping alliance in the world, Ocean Alliance.

The four partners will share their capacity in several routes in order to offer a better service to their customers. Together, the associated shipping companies will operate 40 services on the East-West routes with about 100 ports of call and almost 500 interconnected ports, supported by a […]