32 edition n.14

Contract for Atlantic Canal Bridge awarded

The Panama Canal Authority (ACP) has awarded the company Vinci Construction Grands Projets the construction of the third bridge over the waterway.

In the competition to build the structure on the Atlantic side, the winner, Vinci Construction Grands Projets, competed against the Acciona-TRADECO Consortium and the group formed by Norberto Odebrecht and Hyundai.

Vinci offered the lowest price, even below that officially budgeted, according to the ACP.

The documentation submitted was reviewed by a committee […]

Mercansa opens new site “Mercansa Business Plaza”

Mercansa, a leading service and supply company of the Panama maritime sector and ports, is demonstrating its growth by opening a corporate building “Mercansa Business Plaza.”

Its administrative offices have been functioning in the new center since July 2012, and a toast was made to mark the inaugural ribbon cutting that was attended by special guests, customers, suppliers and media who were able to appreciate the warm modern corporate building infrastructure, as well as learn […]

Specialized reefer fleet growth weaker but still standing

Global trade in perishable cargo in refrigerated containers increased by 54.5 million tonnes between 2001 and 2011 with a combined rate of annual growth of 3.9%, with shipping taking almost 91 million tonnes in 2011, according to the Drewry report that analyzes the structure and development of the reefer container industry.

The sea transport of perishable goods in refrigerated containers has remained resilient to adverse economic conditions and future growth in freight volumes is inevitable.


Week in Review – Vol. 32 No.14


The Colon dialogue between the forces of the province and the government starts again today with strong differences in the number of people participating at the table and the contents of the agenda. The Minister of the Presidency, Roberto Henriquez, said that more than 25 people at talks can “condemn the dialogue to failure.” Payment of compensation to the relatives of those killed and affected by the actions of the security sectors […]

Canal expansion uses fourteen tower cranes

Canal contractor Grupo Unida Por El Canal (GUPC) has purchased 14 new Potain tower cranes for the expansion of the Panama Canal.

The 10 tonne MC205 tower cranes have a 50 meter hook height and can lift three tonnes at the 50 meter jib tip.

Additional features include air conditioning in the cab and an LVF Optima which automatically adapts and optimizes hoist speed, offering faster cycle times.

The cranes are positioned on both the […]

Panama Canal Expansion reaches 46.5% completion

The Panama Canal expansion project, with an estimated investment of $5,250 million, recorded on September 31 an advance of 46.5 percent, according to a quarterly report of the Panama Canal Authority.

The balance was given in the 24th quarterly audit of Advance in the Expansion Contract, under an Act of July 17, 2006.

It noted that up until September 30 contracts were awarded under the Expansion Program for the amount of $4,287,231,582.01.

Chamber of Commerce welcomes trade pact with the US

By: Juan Rafael Cortés Dean

The Chamber of Commerce, Industries and Agriculture of Panama (CCIAP) expressed satisfaction with the entry into effect of the Trade Promotion Agreement (TPA) with the United States.

“We believe that confirmation of the coming into force of the Trade Promotion Agreement (TPA) is very positive and we welcome, therefore, being able to import goods that are purchased by consumers for this time of year,” said Irvin A. Halman, President of […]