Companies

Emirates Airlines launches direct flight to Panama

Aerolínea Emirates iniciará vuelo directo a Panamá

It will possibly be the longest non-stop flight in the world that will be launched by Emirates Airline (17 hours 35 minutes westbound) to Panama. With this flight, Panama becomes the first country in Central America with direct flights to and from Dubai.

The plane used will be a Boeing 777-200RL with 3-8 First Class, 42 in Business and 216 in Economy class. It will be able to carry up to 15 tons of cargo [...]

Dubai mission shows interest in Panama’s investment incentives

De izquierda a derecha, Iván Jimenez, Analista Económico y Enrique Ruíz, Promotor de Inversión de PROINVEX PANAMA junto con Ayaz Hiridjee, Business Development Manager de TRIMETA, y Jordan Knight Associate Consultant de IBM Global Business Services

The Ministry of Commerce and Industry, through the Agency for Investment Promotion and Export Panama (PROINVEX) held a business meeting with executives from Dubai, United Arab Emirates, interested in exploring investment opportunities in Panama.

Investors representatives were from TRIMETA and IBM Global Business Services, companies established in Dubai, who visited the MICI for a briefing led by promoters of PROINVEX in which they spoke about the different investment opportunities presented by the country, presenting [...]

Maersk ordered nine vessels of 14,000 TEUs

The Danish shipping company Maersk Line announced the signing of a contract worth $1,100 million with Hyundai Heavy Industries (HHI) for building nine vessels with a capacity of 14,000 TEUs each.

This is the third purchase of an investment program of $15,000 million announced by Maersk Line in 2014, which includes new container vessels, and retrofitting, among other work.

“I am very pleased with this new order, where we decided to adopt a new approach. [...]

AMP opens to U.S. investment proposals

After several years of not participating in public investment projects in Panama, U.S. companies could return with proposals on state procurement in the maritime sector.

The first step in attracting U.S. investment was taken with a meeting between representatives of the U.S. Embassy in Panama and the directors of the Panama Maritime Authority (AMP).

The AMP team was led by Jorge Barakat, AMP administrator; James Perez, Economic Affairs Counselor of the U.S. Embassy in Panama [...]

Agunsa receives certification for maritime agency services

Agunsa has received the OHSAS 18001: 2007 international certification standard, a system for managing occupational safety and health in agency services governing ship handling, marine maintenance and docking and undocking of ships in port terminals.

The implementation of this system began in August 2014, ending with a Certification Audit from April 9 – 13, 2015 in Patache Bay, Iquique, in Chile, conducted by the ABS Quality Evaluations certification society, which audited all processes related to [...]

Maersk Line sees lag in Latin American ports

Maersk Line advierte que hay que mejorar los índices de productividad de los puertos en la región

In the short and medium term, it will be difficult for Latin America and Mexico to receive latest generation ships carrying 18,000 to 20,000 TEUs, even with the opening of the expanded Panama Canal.

This is the opinion of Julian Fernandez, regional business development director of Maersk Line.

He said the port system in the region is not prepared for this type of ship.

The major impediment of port systems in the region is the [...]

Panama Ports Company employees receive wage increase

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 [...]