July, 2012:

Pesqueros, S.A., opens in Colon – branch No. 9

With champagne, plus a sprinkling of holy water, the well-known fishing and shipping supply company Pesqueros, S.A. inaugurated their 9th branch on Tuesday, last week in Colon. The branch is at Plaza Millenium.

Founder and general manager of the company, Jose Agustin Avila Troncos expressed how excited he was with the opening of this new branch and thanked the distinguished personalities present, including Dámaso Garcia, the mayor of Colon, and Padre Julio Lau of the [...]

France honors maritime personalities with awards

Two well-known personalities of the maritime sector were honored recently in a ceremony at Panama’s French Embassy.

French Ambassador Hugues Goisbault, on behalf of his country, honored Alberto Aleman Zubieta with the rank of Officer of the Legion of Honor.

Journalist Michele Labrut was presented with the French National Order of Merit

The Order of the Legion of Honor is the oldest and most prestigious French decoration. It was created by Emperor Napoleon I in [...]

Maritime companies sign trainning pact with university

To reinforce the training of students of the Faculty of Maritime Transport (FATRAMAR) to comply with the requirement of professional practice, the Panama International Maritime University (UMIP) signed three cooperation agreements with major companies in the industry.

The agreements made by the faculty afford an opportunity to put into practice the knowledge acquired during studies.

They were signed with the companies Kuehne + Nagel Management SA, Aegean Oil Terminals (Panama), SA and Panama Maritime Documentation [...]

Copa and Air Panama link Bocas with South America

From July 1, travelers from South America on Copa Airlines can connect from the Hub of the company in Panama City to Bocas del Toro on flights operated by Air Panama.

An agreement made between the Tourism Authority of Panama (ATP) and the two airlines has enhanced the promotion of this destination.

The new agreement links the Tocumen International Airport with Isla Colon in Bocas del Toro, allowing this province of western Panama to be [...]

Week in Review

National newsbriefs

SPENDING CUT

“The Economist Intelligence Unit”, a division of the prestigious British publication, The Economist,, echoed the difficulties of the Panamanian government to fill the fiscal gap generated by the failed sale of the shares of Cable & Wireless, in which the state maintains a 49% interest. “For the first time since he took over the Martinelli administration … has had to suspend some of its capital spending plans and reduce current spending,” [...]

Costa Rica’s exports grow by 12%

The US is the main destination of Costa Rican exports, accounting for 38.8% of cumulative exports between January and May, followed by the Netherlands (8.5%) and China (7.7%).

Exports of goods grew 12% in the first five months of the year

The European Union, Singapore, USA, Chile, Peru, the Dominican Republic and China were destinations of Costa Rican exports with which it has free trade agreements in force or in the process, receiving a greater [...]

Of port investment in Colombia 31% are new coal ports

Investments in the port terminals are advancing rapidly in Colombia.

Of the 83 million tons of raw materials and goods that have moved through ports between January and June this year, 46 percent is coal (38 million tons), according to figures from the Superintendence of Ports and Transportation.

The number of minerals transported becomes more important when it is considered that annually 168 million tons of cargo moves through Colombian ports, including about 77 million [...]