Bi-Lingual Newspaper which focuses on Logistic News and Information for Panama and Around the Globe
After all the hard work in negotiations for freedom from tariffs which was the purpose of the 12 free trade agreements Mexico has signed with 44 economies, representing the most extensive network of agreements around the world, the sad fact is that the business relationship between Mexico and these nations has declined. It dropped from 93.4 percent (of the total) in 1993 to 81.5 percent in 2012.
Conversely, the figures from the Mexican Ministry of [...]
The British presence in Panama took an important step forward recently when the British Embassy and British Chamber of Commerce held a conference discussing Panama as a market and as a springboard for all of Latin America for British retail businesses. A delegation representing British brands and companies came to Panama for the event. Among them were People 1st, Clive Christian, Backes & Strauss, British American Tobacco [...]
A Free Trade Agreement (FTA) between Panama and Mexico as well as increasing the exchange of goods and services between the two countries will allow a greater integration in Latin America and will strengthen the Mexican leadership in front of the Pacific Alliance. It is unknown when the negotiations are going to take place.
For more than 10 years the dialogue between Mexicans and Panamanians failed to achieve such an agreement. The issues that caused [...]
The Panama Canal Corridor and projects added in Guatemala and the Nicaragua Canal will impact future Central American trade.
The InterAmerican Development Bank (IDB) is committed to Mesoamerica as a global logistics corridor. In that sense, the question is can the Isthmus be the hub of world trade?
There are three options, one already established (the Panama Canal), the other with great strides (Inter-Oceanic Corridor of Guatemala, CIG) and a third still as a possibility [...]
The event that showcases products from 35 different countries, Expocomer, returns this year to give Panamanian businessmen the opportunity to make alliances with foreign commercial partners from more than 1,000 companies.
This year Expocomer will take place in the ATLAPA Convention Center in Panama City from Wednesday 17 to Saturday April 20.
The fair is organized by the Panama Chamber of Commerce, Industry and Agriculture and has an exhibition space of 14,000 square meters.
Now [...]
Panama is one of the rising stars of Latin America’s economy. The construction of large infrastructure projects, such as the $5.2 billion Panama Canal expansion and a $1.8 billion subway in the capital city, have boosted the country’s economy to 10.5% growth and reduced unemployment to 4.8% in 2012. It seems that the real challenge for Panama will be to position itself as a world-class logistics hub if it wants to consolidate its recent economic [...]
An increase of $1,500 on refrigerated containers could be registered worldwide due to the current high cost of operations. “This strongly influences the supply and demand. Shipping lines may want to raise prices, but if there is not sufficient demand, they simply can not,” said the president of the Panama Chamber of Shipping, Willys Delvalle. Rates are set according to the route, as some are longer and some shorter, and this is how the rates [...]
The Panamanian port system had a downturn from the second quarter of 2012 compared to the same period of 2011. It did not reach the figure of 7 million TEUs handled, as predicted at the beginning of the year. According to official figures of the Panama Maritime Authority (AMP), the port system handled 6,857,724 TEUs in 2012 compared to 6,629,943 TEUs in 2011, showing a slight growth of 3.4% The container terminal with the highest [...]
The rise in the Panama Canal capacity will put pressure on the logistics sector, especially the ports, said the Panama Canal Railway Company (PCRC) and a study published by the Panama Canal Authority (ACP). Thomas Kenna, CEO of PCRC, said that the company is working only at 40% of its capacity. “We need more ports, and it is imperative that new facilities are built before it is too late.” “Since the announcement of the construction [...]
Ocean carriers continue to face difficulties in east-west routes, as the significant low cargo volumes limit the success of their attempts to raise freight rates during sustainable periods of time, reveals the December issue of the Container Forecaster report of Drewry Maritime Research. The lack of a peak in 2012 ended up consolidating a cross-industry trend. The report notes that carriers face great difficulty to use the growing fleet without causing further damage to the [...]
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