Cargo Transportation

APL extends risk insurance against cargo in transit

SMARTcool Assured

American President Line (APL) has extended its cargo insurance to shippers who require protection against the risk of loss or damage to their cargo in transit.

This comes from APL’s partnership with one of the largest marine insurance companies in the world, which will allow it to offer options of guarantees such as “Total Cover” for maximum protection; “Main Cover” that protects against important events and “Customized Cover” with “tailor-made” solutions for cargo securing.

APL […]

Traceability of merchandise is Panama’s “weak point”

Trazabilidad es un factor muy importante en la cadena de suministro.

The traceability of merchandise is Panama’s main weakness, despite the fact that the country has the greatest logistics competitiveness in Latin America, the Panamanian government acknowledged.

“We have a very weak point, even though we are the number one country in Latin America in the Logistics Performance Index (prepared by the World Bank), and that weakness is the traceability and tracking of the merchandise,” said the Minister of Commerce and Industries, Augusto Arosemena.

In 2016, […]

The Arctic will be the new cold war frontier between US and Russia

La costa ártica.

By Germán Gorraiz Lopéz

According to an analysis of the Odnako website columnist, Alexander Gorbenko. “the north shipping route (that joins the Atlantic and the Pacific along the Russian coast), is considered as an alternative to the Suez and Panama canals, and could become in the near future one of the most important commercial corridors in the world.”

The North Shipping Route and the Northwest Pass along the Arctic Ocean shores (more precisely in the […]

Sale of bunker in Panama increased by 7.33%

La venta de combustible puede ser un gran negocio para Panamá.

The sale of bunker registered until October last year had an increase of 7.33% in comparison with the same period in 2015, reported the Panama Maritime Authority (AMP). However, in 2015 the growth was bigger until October, with 17.25% in comparison with 2014. With regards with the amount of vessels that bought fuel, the number has decreased by 6.08% in comparison with the previous period.

Rommel Troetsch, president of the Shipping Chamber, told the daily […]

The biggest container ship crosses the Canal

El Valparaiso Express abre la era de los megabarcos.

Recently the Panama Canal welcomed the largest capacity vessel to-date to transit the Expanded Locks—Hapag-Lloyd’s Valparaiso Express. The 10,589 TEU Neo-panamax containership was specifically built to take advantage of the greater capacity offered by the Expanded Panama Canal.

This passage ushers in a new era of mega-ships that have been able to transit the expanded Canal since its inauguration on June 26 of this year. The new locks, which are 70 feet wider and 18 […]

Low expectations for cargo movement in Panamanian ports

Puerto de Balboa.

The president of the Panama Chamber of Shipping, Rommel Troetsch, estimated that the cargo movement of the national port system will close in 2016 with a drop of 10%. And, according to his forecasts for 2017, he does not expect any improvement.

“No growth is expected for 2017 compared to current movement of cargo, although we must wait until April to observe the cargo movement when the shipping transport contracts between major exporters and shipping […]

Maersk acquires Hamburg Süd

Maersk es una de las navieras mas grandes del mundo.

Maersk Line, the world’s largest shipping company, will buy its smaller rival Hamburg Süd, which has a strong presence in Latin America, as part of its plans to strengthen its global operations.

The agreement, announced by the A.P. Moller-Maersk, is the group’s first total acquisition in more than a decade and highlights a consolidation drive in container shipping, which has faced low prices for freight and oversupply

Hamburg Süd, the seventh largest container shipping line […]