Companies

Pullmantur to operate year-round from Colon

The cruise ship line Pullmantur Cruises is reinforcing its commitment to the development of a permanent operation from the port of Colon 2000 during the 2017 season.

The company now makes Panama one of its main homeports in the Caribbean, increasing the number of passengers who will embark in Colon by more than 30%.

At the regional level, Pullmantur Cruises strengthens its presence in the Caribbean with growth in capacity of 40%. This was explained […]

Mixed companies paid millions, why not Panama Ports?

Panama Ports, Cristóbal.

By Franklin Castrellón

The ten joint ventures increased their contributions to the State by 36.3% in fiscal year 2015, the director of the Department of Investment, Concessions and Risks (DICRE) of the Ministry of Economy and Finance, Jorge Dawson, told The Bulletin,.

The contributions totaled $163.4 million in 2015 compared to $119.9 million in the previous year.

The greatest contribution in 2015 corresponded to the hydroelectric generating company, Enel Fortuna, with $40.98 million, followed by […]

Penta Shipping Services highly competitive group

Penta Shipping le ofrece provisiones frescas.

Penta Shipping Services has more than 10 years of experience and background in the maritime business of ship chandlering in Panama, where a highly qualified and committed staff offers customers the highest expectations on the national and international maritime market. Formerly known as Transocean, following a strategic alliance with Penta Financial Group, the company Penta Shipping Services was born.

The company is located in Corozal, Panama Canal Railway, Galera 9 Panama. Telephones (507) -3076610 to […]

New executive director for PPC

Puerto de Balboa.

Panama Ports Company (PPC), a subsidiary of Hong Kong’s Hutchison Port Holdings (HPH), last week announced the appointment of Paul Wallace as the new Chief Executive Officer (CEO) with effect from August 8, 2016. Wallace replaced Aitor Ibarreche, who held the post from January 2014 to June 9, 2016.

With over 30 years of experience in the maritime industry, Wallace entered the HPH Group in November, 2009, as commercial director of the Port of Felixstowe, […]

Insuring commercial spaces

Una póliza puede cubrir los gastos causados por un fuego.

By Kevin Bradley Insurer Broker E-mail: kevin.bradley@unityducruet.com

Panama commercial offices include a wide range of businesses, from financial consulting, legal, real estate and accounting firms to personal private offices. Whatever the industry, they all have one thing in common—the need for commercial office space insurance. Here in Panama, comprehensive office insurance can protect you from the unexpected events that happen every day in and around your office.

Property coverage protects your business and office equipment […]

Schenker, the best on contract logistics

De izquierda a derecha: Brent Blake CFO Americas de DB SCHENKER; el Sr. Edgar Urrutia MD Central America de Schenker Panamá; Philippe Gilbert CEO Americas de DB SCHENKER

Schenker Panamá, S.A., the company that develops, promotes and provides professional services in the field of international cargo transport and third-party logistics, celebrated recently its 35th anniversary of opening operation in the country with a cocktail party at the Miramar Continental Hotel.

Edgar Urrutia, managing director of Schenker for Panama and Guatemala, told The Bulletin that the company is moving its offices from Long Island to Miami to make their operations more efficient and, at […]

Panama Ports could loose concession

Panama Ports podría perder concesión

The Panamanian government is considering rescinding the concession granted to Panama Ports Co., a subsidiary of Hong Kong’s Hutchison Port Holdings (HPH) for breach of the commitments agreed in the contract under law No. 5 of 16 January 1997. This is stated on the web site laverdaddepanamaports.com. The website, created to denounce alleged breaches of the powerful port operator, said that the government’s decision is based on Article 2.14.3, Termination of Contract by the State.

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