June 9th, 2012:

Ecuador asks for delay of new Canal tolls

Jun 9th, 2012
by Rainier.
No comments yet

Some users of the Panama Canal, such as Ecuador, believe that a new toll increase could affect their structural competitiveness.

Jaime Albuja, coordinator of employment and competitiveness of Ecuador requested the Canal authorities to consider the possibility of delaying the adjustment.

The representative of the Ecuadorian public and private sectors asked the Panamanian authorities not to enforce the increase until at least 2014.

Albuja said that Ecuador makes 50% of its exports through the Canal [...]

Q1 shows growth in cargo movement

Jun 9th, 2012
by Rainier.
No comments yet

The Bulletin

The movement of 20ft container equivalents (TEUs) increased by 21% during the first quarter of 2012, according to preliminary figures from the Panama Maritime Authority (AMP).

This is 1,796,000 TEUs moved in the Panama port system from January to March, which reached 315,000 TEUs more than in the first quarter of 2011.

According to analysts, the high growth is due to economic development in Latin America and the dynamism in trade contrary to [...]

Multimodal port planned for Baru

Jun 9th, 2012
by Rainier.
No comments yet

After more than 15 years of waiting for a new dock at Baru, a multimodal dock will be built. The old pier will be replaced to encourage economic activity.

After a wait of more than 15 years, the Panama Maritime Authority (AMP) has included building a multimodal port for the Baru district in its budget, which could have a total cost of between $50 and $100 million.

Roberto Linares, administrator of the AMP, said that [...]