Panama Ports Company (PPC) recently completed a collective bargaining agreement with its employees, who are 99.9% Panamanians, which it says is an unprecedented wage increase agreement to nearly 4,000 employees, “positioning them as the highest paid in the port industry.”
“The labor agreement, which entered into force in 2015, includes not only the equalization of wages for employees with the same functions, but also productivity bonuses for all employees who show a responsible, attentive and [...]
By: Osmel Reyes
Every single day, bunker oil is pumped into the fuel tanks of tanker, cargo, bulk carrier and fishing ships. Particularly in Panama Canal, more than 10 000 MT  of bunker oil are delivered daily to tenths of ships.
The traditional quantity measurements via manual tank gauging or sounding use to be associated with a great amount of uncertainty due to error prone volume to mass calculation, as well as to the [...]
“One if by land and two if by sea, and I on the opposite shore will be.”
These immortal words by the poet Henry Wadsworth Longfellow, were written in 1860, telling a version of a story of Paul Revere’s ride and of how the colonists were warned of an impending British invasion.
Today it reminds us of an important logistic point, especially when deciding whether to ship cargo via ocean or via land in Central [...]
SOPISCO PANAMA, SA is celebrating 20 years of serving the maritime community as agents at the Panama Canal and all ports of the Republic of Panama.
Its founder, Mr. Carlos Gomez, who after having accumulated vast experience in Cie. Gle. Transatlantique / French Line, one of the most prestigious shipping companies in the world at the time, felt it was time to make his own way and start his own company.
The big challenge for [...]
The Japanese shipping company Mitsui OSK Lines (MOL) has announced a contract with the Korean shipyard Samsung Heavy Industries, to build four container ships of 20,150 TEU capacities, at a total cost of $619 million.
It will add another two to be built in Japan, for which it has already signed a long-term chartering agreement with Shoei Kisen Kaisha.
The Japanese shipowner noted that these six colossal vessels are the largest in the world, because [...]
State will help improve port connectivity
The Port of Singapore Authority (PSA) is to expand the terminal operated by its subsidiary, PSA Panama International Terminal, in the former Rodman Naval Base, to increase its current capacity of 450,000 containers (TEUs) per year to a minimum of 1,850,000 TEUs annually.
The terminal will also have the capacity to handle bulk cargo and vehicles (ro-ro). The work will cost $350 million.
According to Drewry Maritime Research, PSA [...]
Commitment and effort are the aims of Multimodal Marine this 2015.
The company chairman, Elio Sanchez, said that the challenge for the start of the year will be increasing the supply of products to customers.
Based on this projection to improve relations that began in 2014 with multinational companies from Dubai, China and Europe, Multimodal Marine is currently looking to outsource logistics services.
According to Sanchez, a country like Panama offers many facilities to develop [...]