Companies

Court in South Korea declares bankruptcy of Hanjin Shipping

La quiebra definitiva de Hanjin Shipping

The Seoul Central Court declared the final bankruptcy of Hanjin Shipping, the South Korean shipping company that pioneered shipping and ranked as the seventh largest in the world, on Feb. 17, South Korea’s KBS World Radio reported.

The shipping company during its judicial administration process went on to sell some of its main assets, such as its shares on the Long Beach terminal in the United States, among others. Despite these extreme measures, the Court […]

Aimar, your logistic solutions

El Grupo Aimar Group ofrece soluciones para todas sus necesidades globales

A logistic operator that has an excellent multimodal platform and also offers storing, labelling and packaging is essential to have a successful business. AIMAR Group is a logistic operator with more than 25 years’ experience in the Central American and Panamanian markets.

The Aimar Group offers one company for all your global logistic needs, we provide customized services to fit your needs and have regular world-wide sailings for FCL (Full container Loads) and LCL (Less […]

Kicking the can down the line

Una de las naves de Hamburg Süd.

Maersk Line and Hamburg Süd have announced a slot purchase agreement for Hamburg Süd’s volumes on the east-west trades to be shipped on vessels in the 2M network. Due to changes in the global liner alliances, the agreement follows commercial negotiations in anticipation of the termination of Hamburg Süd’s current slot purchase arrangements on the East-West trades.

The agreement is scheduled to begin April 1, subject to maritime filing requirements being satisfied. It covers the […]

VTTI merges with the Panamanian company PATSA

VTTI B.V. (“VTTI”), the global independent provider of energy storage, announced the acquisition of a 230,000 m(3) facility in Panama, resulting in a joint venture between VTTI and Global SLI. This deal sees VTTI take a 75% interest in PetroAmerica Terminal, S.A. (“PATSA”), a terminal strategically located on the Pacific side of the country, close to the Panama Canal, with a wide range of refined storage products.

VTTI’s expertise and knowledge of the industry as […]

The multinational law and safe commerce forum

Foro sobre Ley SEM y Comercio seguro.

The Panama American Chamber of Commerce (AmCham), together with the Commission against Illicit Trade organized the forum “The SEM Law and Safe Trade.”

“This forum seeks to establish a public-private alliance to educate and promote safe trade. As the country strengthens this aspect of its regulatory framework, more multinational companies will be installed in Panama”, said Pilar V. Cerón, Amcham Panama director of Trade and Foreign Investment.

According to figures of the World Trade Organization […]

Rumors about the sale of Avianca continue

The possible sale of Avianca marked the end of the last quarter of 2016 and, as there was no white smoke, it will be on the agenda of the business moves of 2017.

Although there were rumors in the market that the Avianca’s board decision would be announced in the last days of December, at the end the merger this did not take place. According to the New York Times, three companies are interested in […]

A new business model for CFZ

Ensamblaje de drums.

MantenEquipos Suppliers & Logistics, was born due to the Latin American market’s need to receive expeditious attention to its needs and the Mcneilus policy of approaching its customers throughout America, creating a new metal-mechanical brand and capitalizing in part of the specialized workforce left behind by the Panama Canal expansion and then took the opportunity to take advantage of its experience, generating good income, in a new industry in the Colon Free Zone (ZLC).

The […]