Companies

GUPC announces completion of major phase of expansion

Unas de la presas de Borinquen

The contractor for the third set of locks on the Panama Canal announced that a major phase of the project has been completed. “A new milestone in the project of the Third Set of Locks has been reached by Grupo Unidos por el Canal (GUPC), the consortium responsible for the design and construction of this work, by finishing inserts of the 1W dam, one of the components of the Borinquen dams,” the company said in [...]

Agunsa gets new airline representations

Agunsa gana una nueva representación aérea

This year, 2014 has been a positive one for Agunsa in the area of Airlines Representations. In February, it gained representation as General Sales Agent for IAG Cargo in Chile, the parent company of Iberia and British Airways, to arrange booking and sale of cargo spaces for regular flights from the airport in Santiago.

In August, Turkish Airlines Cargo also joined with Agunsa for cargo representations with offline flights from Buenos Aires.

The service of [...]

European Commission approves CSAV and Hapag-Lloyd merger

Compañía Sud Americana de Vapores (CSAV) and German shipping company Hapag-Lloyd took a new step on September 11 in the process of completing the merger of their container businesses after approval of the transaction by the European Commission.

The approval of the entity was given in the framework of the consultation process by competition authorities around the world that both companies are making and whose approval is a condition to closing the transaction.

The decision [...]

Colón – Cartagena ferry starts service next month

El puerto de Colón 2000

Colon 2000 takes a second gamble

Colón 2000 takes a gamble for a second time by introducing a ferry from that port to Cartagena, Colombia and Isla Colón in Bocas del Toro. Mayra de Zebede, sales manager of Tropical Cruises said that unlike the previous occasion, where somebody else took control of the operation, this time Ferry Xpress will be manage by the port itself.

The Norwegian ferry, Adriatico, which currently operates in Europe and [...]

New ferry plies the Perlas Islands

Sea Las Perlas' Island Express III

It’s faster, It’s luxurious

The new Island Express III arrived this month in Panama to ferry passengers from Panama City to the Pearl Islands. “It is brand new, from Washington State,” said Claudio Caicedo, Sea Las Perlas Operations Manager.

“It’s top of the line, with nice cushioned aircraft seating and it’s faster than the other ferries in the fleet.” said Captain Randy Rickson.

“Powered by two 500hp Iveco diesel engines, we do 30 knots [...]

MEC Shipyards says allegations by ship’s chandlers are false

The case for the Balboa Dry Dock

Describing as “false” the allegations made by ship suppliers to The Bulletin against MEC Shipyards, the Balboa drydock CEO, Marvin Castillo, said that “the contract with the State grants the right to choose our subcontractors and service providers.”

After clarifying that “MEC Shipyards is not a port facility,” Castillo said what the ship’s chandlers intend is that his company allows them to enter his premises to do business [...]

Panama’s fish exports grow

Sales of shrimp, shrimp larvae, fish meal and fish oil showed the largest growth of total exports from Panama in the first half of 2014.

Between January and June exports of fish and aquaculture industry products were those that showed the best performance, well above traditional exports such as watermelon and pineapple, whose foreign sales decreased by 4% and 24% respectively, compared with the same period of 2013.

Shrimp and shrimp larvae exports increased by [...]