Companies

Canal the main topic at the Latam Ports & Logistics Summit

Latam Ports & Logistics Summit

The Latam Ports & Logistics Summit took place last month at the Sheraton Hotel of Panama City. The event organized by BN Americas, a Chilean company which has nine years’ experience in the area, managed to gather shipping and logistic leaders from all over the world to discuss the impact that the Panama Canal widening will have on shipping routes, finding financing to build a port and the importance of insuring cargo.

Among the speakers [...]

Sacyr has two months to find $290 million

Los trabajos de ampliación del Canal tienen seis meses de retraso

The agreement reached on February 27 between the construction consortium GUPC and the ACP is working towards unlocking the third set of locks on the Panama Canal, but it was not for another month that the project began to enter normal rhythm. Much of the blame lies with the entry of new money to the GUPC petty cash box.

The consortium partners (Sacyr, Impregilo, Jan de Nul and Cusa) injected $100 million that was committed [...]

Mega alliance shakes the shipping industry

CMA CGM otro de los integrantes de la alianza

After passing the test of U.S. regulators, a major shipping alliance is poised to shake up the global container business by reducing the costs of the world’s largest operators, while putting pressure on smaller companies.

Danish A.P. Moeller-Maersk’s Maersk Line, CMA-CGM, of France, and the Swiss company, Mediterranean Shipping Co., the world’s three largest container carriers by capacity, won approval from the U.S. Federal Maritime Commission for their P3 alliance.

Chinese and European regulators must [...]

U.S. trade mission to visit Panama City

US businessmen involved in security and surveillance equipment will visit Panama from September 22 to 26 to explore business opportunities with local firms.

The Commerce Department of the United States has organized this trade mission to Panama and Colombia for companies in the security sector.

Nicaraguan canal studies questioned

Lago Nicaragua

The Nicaraguan canal environmental impact analysis being made by a British group hired by the Chinese company responsible for the project, has been questioned by Nicaraguan presidential adviser for environmental issues, Jaime Incer. He questioned the results of environmental impact studies conducted by the British firm Environmental Resources Management (ERM) on the Nicaragua canal project.

“The major flaw is that, although the company is very reputed, the only fact that it is contracted by the [...]

600 exhibitors at Expocomer

Expocomer, the most important trade fair of Panama and the region, returns to the Atlapa Convention Center from Wednesday, March 26 through Saturday, March 29. It is expected that more than 600 manufacturers from over 35 countries will take part.

The fair is the ideal place for companies to showcase their products and services to local and regional markets, introduce new products to market, evaluate competitors and use the Colon Free Zone as a bridge [...]

Pacific Rubiales oil settles in Panama

Pacific Rubiales, the company that explores for and produces oil and gas in Colombia, and is selling most of Colombia’s oil, linked to this country since the Panamanian Government introduced incentives to attract foreign investment to the sector, has announced it will move its Board of Directors to Panama.

Pacific Rubiales said its office in Colombia will continue to implement the same operations.

“The company has not moved offices. Pacific Rubiales has opened a corporate [...]