June, 2012:

New Board elected in Chamber of Shipping

Jun 30th, 2012
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Mr. Willys Delvalle has been elected as the new President of the Panama Chamber of Shipping and took possession at the Union Club. Members of the Board for the 2012-2013 periods were also chosen, but have not yet been appointed to the positions until their first meeting. The executive board is:

Willys Delvalle, APL de Panamá (Presidente); Daniel Isaza, Interoceanic Cargo Carrier; Jocelyne Anchor, International Repair Services, S.A.; Javier Ortiz, Decal Panamá; Juan Carlos Croston, Manzanillo [...]

CMA-CGM ends cooperation with Maersk on Brazil service

Jun 29th, 2012
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The French shipping company CMA CGM will end its cooperation agreement with the Danish shipping company Maersk Line on the “Brazex” express service in Brazil by the end of October this year.

However, the company said it will maintain the service for that region, and its commitment to provide a direct and efficient service to its customers that it has operated for more than ten years.

The change in schedules will take place from November [...]

Hamburg Süd reconfigures Asia-Mexico route for high season

Jun 29th, 2012
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To cover high season demands, Hamburg Süd has reconfigured its service between Asia, Mexico and the West Coast of South America in conjunction with CCNI, China Shipping, Hanjin and Hyundai.

It will operate with two itineraries in order to increase capacity starting in South America in June and ending the reconfiguration in August with the service that starts in Asia, said the shipping company.

The first route will operate with 10 vessels with capacities of [...]

Impact of US trade agreement with Panama

Jun 29th, 2012
by Rainier.
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The entry into force of the trade promotion treaty between Panama and the US is scheduled for October 2012, reducing duties from 7% to 0%.

The general expectation in the capital of the US places October 2012 as the month that the FTA with Panama will start after almost 10 years of paperwork.

An article in the portal ApparelNews.net California, highlights the current growth of Panama’s economy and discusses the importance of the effective date [...]

Turtle Cay – yacht owners’ Caribbean paradise

Jun 29th, 2012
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At Turtle Cay step “from a yacht to the backyard”

A new concept in Panama for a yacht marina is taking shape

on the country’s Caribbean coast.

The name of this new concept to Panama is the Turtle Cay Marina. It is a combination of a modern beach villa complex with all amenities including an adjacent dock in a protected channel for the owner’s yacht.

Turtle Cay Marina covers 200 hectares on [...]

AU organizes 2nd Expo Forum on free zones

Jun 28th, 2012
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The Colon Free Zone Users ‘Association launched the 2nd Expo Forum on Free Trade Zones at the Sheraton Hotel Panama.

The issue addressed this year was “A New Megablock Free Zones and Regional Integration,” which will be expanded in the following international conferences on the subjects of Economic Development Zones and the contribution of technology, global economic challenges for Latin America and the Caribbean, regional integration of Latin American Free Trade Zones, [...]

Losses pile up for Air France-KLM

Jun 25th, 2012
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Less freight and high fuel costs have damaged the performance of Air France- KLM.

Air France-KLM reported a net loss of $483 million during the first quarter of 2012, holding accountable the high fuel costs and reduction in the air cargo demand in what they called “a tough quarter”.

The group, which includes Martinair, stated that while passenger traffic had grown, its cargo business continued to be affected by the slowdown in economic activity.

Traffic, measured in revenue-ton-kilometers, fell by 6.1%, while capacity was reduced just 2%, leading to [...]

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