MOL leaps ahead with more giant ships

Mitsui OSK Lines (MOL)

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 [...]

PSA expands Panama terminal to handle 1.8 million TEUs

La terminal PSA en Rodman tendrá un muelle de 800 metros para atender buques super-pospanamax

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 [...]

Multimodal Marine, more than just a service

Multimodal Marine... más que un servicio

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 [...]

MIT’s traditional Christmas party

MIT logo

On December 3, the Manzanillo International Terminal (MIT) held its traditional Christmas party for its clients in the Sheraton Hotel under the theme, “A Night in the Wild West, MIT Style.” The evening was full of surprises for the attendees, including a mechanical bull and a Wild West dance contest.

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Growth of Las Perlas lies in a reliable ferry service

Sea Las Perlas

As the builder of 14 commercial passenger ferries and day charter vessels, Sonny Eymann knows a thing or two about what it takes to provide reliable passenger service to meet the expectations of visitors, Pearl Island residents and business owners.

“Until we started the ferry service to Las Perlas, there was no reliable transportation between Panama City and the Pearl Islands,” said Eymann. “There were multiple commercial airline flights to Contadora, but a plane scheduled [...]

Maersk Line reduces its transpacific capacity

Maersk Line reducirá su capacidad transpacífica

The world’s largest container carrier, Maersk Line, has announced it is reducing its capacity in the southwest Pacific. In the past decade, the transpacific operating environment has been difficult, total trade has produced nothing profitable and results for nine of the last ten years has led some to question its long-term viability.

As a result, Maersk Line has analyzed the results of trade from an approach that ensures its position, according to a statement [...]

Strengths of Panama for the establishment of shipping enterprises

SERVICIOSENPANAMA.COM Lic. Oliver Laprea Estudios de Maestría (UP) “Desarrollo del Sector Marítimo de Panamá” Énfasis: Empresas Navieras

Panama has benefited over time from its geographical position, from the discovery of the South Sea by Vasco Nuñez de Balboa in 1513 to the completion of the Canal Expansion by the middle of 2015. History has shown that major transit movement directly contributes to the Panamanian economy and that Panama is a natural, strategic point for setting [...]