Bi-Lingual Newspaper which focuses on Logistic News and Information for Panama and Around the Globe
The starting point has been set for the construction of the Celpa Permanent Free Trade Zone in the municipality of Buenaventura, Colombia. Directors of the organization confirmed that the start of the project is a fact and a contractor was chosen by the consortium led by the firm Dinpro, which will be responsible for the civil works at the zone.
The initiative, 12 kilometers from the Regional Port Society of Buenaventura and eight kilometers from [...]
The Panama Canal expansion has generated a major money turnover in the maritime industry. To date, there have been over 200 contracts made, including tenders for the purchase of materials and services for $4,265 million.
The largest contract amount is for the design and construction of the locks for $3,200 million, or, 64% of the total cost of the expansion program, which amounts to $5,250 million. The result of the work progress up until June [...]
In the past two years there has been a departure of Panamanian flagged fishing vessels with international licenses to other countries in the region. They have chosen Ecuador, Costa Rica, Peru and Guatemala, leaving Panama without hundreds of millions of dollars in income. Industry sources have explained that due to measures taken by Panama in recent years, these vessels are no longer in the registry and therefore no longer cross the Panama Canal and do [...]
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