Despite urging of CADE and PanamaMaritime
Despite the moves that private organizations such as the Panama Chamber of Shipping (CMP) and the Logistics Business Council (COEL) have undertaken to further development of Panama by creating a regional logistics platform, little has been done for this vital segment of the country’s economy since the government of President Juan C. Varela took office on July 1, 2014.
That is the conclusion shared by local members of the [...]
By: Osmel Reyes
Every single day, bunker oil is pumped into the fuel tanks of tanker, cargo, bulk carrier and fishing ships. Particularly in Panama Canal, more than 10 000 MT  of bunker oil are delivered daily to tenths of ships.
The traditional quantity measurements via manual tank gauging or sounding use to be associated with a great amount of uncertainty due to error prone volume to mass calculation, as well as to the [...]
The National Customs Authority (ANA) launched a new payment system that allows online liquidation of Customs declarations and which aims to streamline business procedures and “give greater confidence to the user. “Users can perform export and import procedures from anywhere in the world, 24 hours a day, 7 days a week at no additional cost,” said the director general of the Customs institution, Jose Gomez.
WHO OWNS WHAT?
At December 31, 2014, the [...]
Mohamed Farid Monib, the Egyptian Deputy Foreign Minister for the Americas and the OAS, recently visited Panama.
Egypt is campaigning to join the United Nations’ Security Council next year. In this context, Deputy Foreign Minister Mohamed Farid Monib, was in Panama to strengthen the partnerships with the government of President Juan Carlos Varela and address issues such as the declared fight against Islamic terrorism, managing their corresponding canal extensions and the defense of political models [...]
The MSC Oliver, another new mega container ship of Mediterranean Shipping Company (MSC) has joined the Panama Registry.
The MSC Oliver and MSC Oscar, both flagged by Panama, have a capacity of over 19,000 TEUs, and are the first of a series of six mega container ships (ULCS) of the MSC Olympic Series.
They are vessels considered green and efficient because they have 35% more capacity and emit 35% less CO2 compared to other ships, [...]