Companies

After P-3 failure Maersk seeks an alternative plan

reguladores chinos bloquearan de forma inesperada la Alianza P3

Maersk Line announced it is working on alternative plans to reduce costs and address overcapacity in the market for maritime freight.

This comes after Chinese regulators unexpectedly blocked the alliance of the world’s three largest container shipping companies, known as the P3 alliance.

The decision of the Chinese Ministry of Commerce was a surprise to Maersk and other participants in the P3 alliance – the Swiss Mediterranean Shipping Company (MSC) and CMA CGM of France, [...]

APL announces service between US and South American Pacific

APL lanza servicio

A new weekly service of APL will call at Valparaiso, Callao, Buenaventura, Balboa, Manzanillo, Jacksonville, New York and Charleston.

The head of APL Latin America Services, Efrain Osorio, said that “…this new service will provide a fast connection to the U.S. market for reefers and dry goods traffic, with modern equipment and priority for handling refrigerated cargo.”

The new service called Andes Express (AES), is provided by APL (American President Line) together with Mitsui [...]

Knightsbridge fleet: Perfect fit for new Panama Canal

Un barco granelero de la flota Knightsbridge

Bermuda-based Knightsbridge Tankers’ (VLCCF) fundamentals are the best in the group. Earnings are projected to rise 243% to 48 cents a share this year on a 75% jump in revenue. 2015 EPS are seen rising 177% with a 103% sales surge.

A big part of that strength is new ships. The fleet is set to grow from four to 14 ships in the next two years. All of those ships are capesize vessels, the largest type [...]

Proship has strategic alliance at Posidonia 2014

Posidonia 2014

Posidonia 2014 is one of the most important international maritime exhibitions, to be held in Greece from June 2 to 6 where PROSHIP, of Panama, will be present with BPCO Shiprepair Brokers, a company with which PROSHIP has exclusive representation for the Greek and Cypriot markets.

Since December 2010 PROSHIP focused on establishing itself in the Greek market of shipowners and ship managers, by offering competitive prices for high quality services together with flexible payment [...]

Lock gates will test agreement between ACP and GUPC

La llegada de las compuertas pondrá a prueba acuerdo entre ACP y GUPC

The agreement reached in March between the Panama Canal Authority (ACP) and the consortium Grupo Unidos por el Canal (GUPC) for resumption of expansion work on the waterway, will be tested with the delivery of the gates for the third set of locks in February 2015.

This was confirmed by the ACP Deputy Administrator, Manuel Benítez, after the inauguration in Panama City of the XXII International Pilots’ Congress, in which some 300 delegates from 54 [...]

Technology is running behind

In Panama

A study by Oxford Business Group analyzes the impact public investment has had on the information and communication technologies sectors, prompting the arrival of international companies that want to exploit the potential of the sector but have found some barriers, such as the shortage of skilled labor.

“…over the past three years the government has invested $330m annually on ICT projects such as the national expansion of internet access, a review of the [...]

Shipyard concession given for Puerto Armuelles

A Cabinet resolution of Panama has agreed to “…giving a concession contract for a total area of 73 hectares, 2,468.729 sqm, comprising an area of sea bottom of 59 hectares (8,957.781 m2 a shore area of 12 hectares + 3,310.883 m2 and a sea shore area of 1 hectare + 200,065 m2, located in Puerto Armuelles, district of Baru, Chiriqui province.

It is for a period of twenty (20) years for the company ASTIMAX PANAMA, [...]