May 21st, 2012:

Callao port operators “violate concession contracts”

The chairman of the Peruvian National Port Authority (APN), Frank Boyle, has said that private companies operating in the port of Callao – AMP Terminal at the North Pier and DP World at the South Pier – are not complying in their contracts with the State.

In the first case, the company does not meet with the services specified in the contract, although it was given six months to get the port operating.

As a [...]

Week in Review

National newsbriefs

MONEY FLOWS IN

In 2011 Panama received $2,790 million in foreign direct investment (FDI) or $440 million more than in 2010. The special arrangement for the establishment and operation of headquarters of multinationals continued to attract investments, as did infrastructure works such as enlargement of the Canal and building of the Metro. Last year the Central American FDI received $8,246 million, representing an increase of 36% over the previous year. Panama had the [...]

EMI gives invaluable experience to UMIP cadets

As a result of a mutual cooperation agreement between the Panama International Maritime University (UMIP) and the company International Marine Experts (IME), senior managers of both met for an evaluation of obtaining cadets from the university through internships at the company during the past four years.

The UMIP rector, Victor Barahona-Luna accompanied by Julio Bonilla (Director) and Xiomara Coya of the of Shipping Department with Abdiel Marin, of the Leadership School, met with representatives of [...]