Robert Jan Van Trooijen, Maersk Line CEO for Latin America, did not quantify the percentage increase on freight rates for Panamanian exporters because they vary according to each customer. However, he said that Panama is a very important shipping market.
Jan Van Trooijen explained that the increase reflects the rising costs of fuel, steel and container terminals. He recalled that in the past five years, fuel has increased by 250%, while freight [...]
With the aim of improving seaports so that they can attend increased cargo movement on the two oceans efficiently under the Free Trade Agreements, the Colombian government and the private sector are investing more than $1,050 million, of which $650 million are in the 20 terminals operating in the country.
The remaining $400 million are earmarked for the construction of Puerto Brisa, Puerto Nuevo and Puerto Bahia.
“The sector is proving not only that it [...]
Air France swiftly denied claims in a French newspaper that it will shed 5,000 jobs as part of its restructure plan, “Transform 2015”.
The report said almost half of the job cuts would be accounted for through “natural wastage” because 800 staff leave France’s flagship carrier each year, while a program of voluntary redundancies, open to all categories of personnel including pilots, will lift the figure to 5,000.
The carrier said: “The elaboration of the [...]
National newsbriefs PANAMA IN SPOTLIGHT
Apart from the Summit of the Americas to be held in Panama in 2015, the country will host world class events in the next two years. The activities begin in June with the sixty-fourth annual meeting of the International Whaling Commission, involving 88 countries.
Geisha coffee beans harvested naturally in Panama broke world records when sold at 93.25 cents a pound. The historic price was reached by the [...]
The Chilean airline LAN, one of the leaders in Latin America, reported a net profit of $76.1 million in the first quarter of 2012, 21.8% less than that obtained in the same period last year.
According to the report submitted by the company to the Superintendence of Securities and Insurance (SVS) during the first quarter of 2012, LAN’s consolidated revenues increased 12.6% up to $1,536.7 million.
According to the analysis, the airline, linked to the [...]
Maersk Line is increasing rates on its Latin American routes in the face of higher fuel, steel, terminal and container costs.
The move comes after the world’s largest container line reported a loss during the past two quarters.
Maersk said its goal was “to improve financial returns on key shipping routes, boost profitability and safeguard the continuity of service levels on Maersk Line’s existing routes”.
It said: “Over the past five years, fuel prices have [...]
On May 25 Maritime Week Americas (MWA) ended with great success in attendance and themes discussed.
The event, organized by the English company Petrospot, attracted some 400 people a day to hear the speakers and visit the exhibition fair.
The Bulletin participated in this exhibition of the Panama logistics hub.
The MWA brought together executives of the fuel supply industry and American maritime port directors, consultants and other maritime experts.