A mutual cooperation agreement signed in 2011 between the Panama International Maritime University (UMIP) and European shipping company, Euronav, one of the major operators of tankers in the world, was about to sink because of problems in the implementation of the program for certification of some of the courses within the parameters of the International Maritime Organization (IMO).
Euronav, operating with nearly a hundred tankers and owning most of its fleet, also charters ships [...]
A delegation comprised of 12 businessmen from Brazil, who represented a traders’ association of 100 companies, made a tour of the zone.
The executives are interested in making multimillion dollar investments in the Free Zone, Brazil is an alternative that allows the opening of new international markets, and these businessmen are making constant visits to establish relationships with traders in the Free Zone.
The new administration of Surse Pierpoint has undertaken business meetings with South [...]
In fiscal year 2014, which ended on September 30, the Panama Canal Authority (ACP) handled a total of 326.4 million PCUMS tons (universal system of Panama Canal tonnage measurement) or a growth of 2% over the previous year. Although this is an increase of 6.3 million tons from 320.1 million PCUMS tons last year, it is still below the record of 333.2 million PCUMS tons set in 2012.
From a small rented hangar with only 1,500 square meters in 2002, today Connexion Zona Libre, S.A., has its own warehouses with a capacity of over 20,000 m2, and a team of over 100 collaborators, including specialized professionals to choose and locate the best and cheapest land, air and sea routes.
Connexion Zona Libre, SA, was created in order to meet the needs of the global cargo market demands and requirements for efficient responses, targeting [...]
Long Beach is installing more infrastructures to move containers from China.
“We are preparing for increasingly larger ships,” says Jon Slangerup, CEO of the Port of Long Beach, California. “The ships will be wider, deeper, and more containers will have to be unloaded from them faster.
“This is about future security, and the port is spending nearly $5,000 million in infrastructure investments in a 10-year plan because I literally do not know how much more [...]
Panama Ports Company (PPC), which operates the ports of Balboa and Cristobal, plans to invest over $100 million in 2015, said the chief executive of the company, Aitor Ibarreche.
PPC is a joint venture in which the Panamanian government holds a 10% stake and it operates in Panama since 1997 when the tender for the operation and administration of the two port terminals was awarded. In recent years, Balboa has handled more than 2 million [...]