Since the beginning of this millennium, for various reasons including the reversion of the Panama Canal to Panamanian administration, there has been a boom in the development and growth of the auxiliary maritime industry.
Among one of the most dynamic components is that of ship repair, which has been catapulted to the forefront.
Currently there is a situation in which we are defining our immediate and long term future. With the Panama Canal expansion, new [...]
According to the “Analysis of Costa Rican Foreign Investment,” Central America is the largest recipient of investment from Costa Rican companies with a share of 64.2%, which exceeds the 28.6% that went to North America.
Of the total investment in 2013 by Costa Rican companies, $1,519 million went to a total of 21 countries with 64.2% in Central America and 28.6% to the United States, while the rest went to other markets, such as Ecuador [...]
President Ricardo Martinelli ended his official visit to Port au Prince, Haiti, with his counterpart, Michel Joseph Martell, by making an agreement that will strengthen the bonds of friendship and cooperation to create favorable conditions for trade between the two countries.
Both governments agreed to reduce the cost of their national visas for merchants, carrying on commercial activities in their respective territories.
The agreement also includes reducing the time – significantly – for the visa [...]
The conflict over the construction overruns of the third set of locks on the Panama Canal maintains uncertainty in international markets, which are now making calculations to determine their losses if the expansion is not completed in the planned time.
The study “Panama Canal Expansion, the National Development and International Trade”, published in November 2013 by the US Department of Transportation and the US Maritime Administration, states that the trade route that will be most [...]
Representatives of the National Council of Private Enterprise (CONEP) met with the Minister of the Presidency, Roberto Henriquez, to continue the dialogue initiated in November aimed at analyzing and solving international economic commitments with the Colon Free Zone.
CONEP businessmen discussed debts of Venezuela and Colombia with the free zone and the expectations that have been generated that the two South American nations honor their commitments.
Similarly, delegates from local banks and other sectors involved, [...]
APM Terminals, operator of the Multipurpose North Pier at Callao, Peru, will invest $58 million in the expansion of the discharge capacity of the conveyor belt and the expansion of the container yard.
The General Director of APM Terminals Callao, Henrik Kristensen, said that the refurbishment will be carried out in five stages.
Currently, APM Terminals Callao is carrying out steps 1 and 2 including the remodeling of docks 11 and 5, and the expansion [...]
Copa Airlines has announced that effective March 16, it will increase frequencies between Bogota and San Andres, in Colombia, and Panama City.
The company, which already has five weekly flights between Panama and San Andrés, will have more than double this offer, reaching twelve a week.
“… We will also increase from four to seven weekly frequencies between Bogota and Cancun (Mexico), and from July there will be a new daily frequency between Panama and [...]