Panama outperforms major US cities as a distribution center for retailers in their international expansion for several factors, ranging from freight rates, which are lower, to the cost of human resources. Nelson Cabrera, director of new business of Lilly Associates, a logistics provider based in Miami, said that Panama offers many advantages to be the distribution center of US retailers because of its proximity to the Caribbean, Central and South America. Freight rates are much [...]
By: Marijulia Pujol Lloyd
Panama’s legal system is slow and tortuous, especially for foreigners who have been accused of breaking the country’s law. That is the case of the Bulgarian captain Lyubomirov Sobadzhied, accused of drug trafficking. He was arrested on March 29, 2011 and to date has not appeared before a judge. Instead he is still waiting for his trial date at La Joyita Detention Center in Panama City. Sobadzhied was the master of [...]
After the opening of the Panama Canal-2 in 2014 it will take five years to build upon the works captained by the Spanish group Sacyr and it will cost about $5,250 million defining a new stage in world seaborne trade by causing a far-reaching reorganization of transoceanic freight. This colossal infrastructure will ensure the operation of vessels capable of carrying up to 12,000 TEUs (twenty foot container equivalents) versus current capacity limited to only 4,500 [...]
The Panama Canal Museum and the French Embassy are presenting an exhibition of the French painter Paul Gauguin, “The Dream of Panama.” Meanwhile, in the city of Colon paintings of Paul Gauguin are being looked for. This exhibit will be in the Republic of Panama until March 10, 2013, and for an entry fee of $5.00 visitors can see 36 original works, collections of such prestigious museums as the Musée d’Orsay in Paris, and pieces [...]
Humans have no control over natural disasters, and every country on the globe has been surprised from time to time in recent history we have seen hurricanes Mitch in Central America and Katrina and Sandy in the US, just to name a few.
Panama is lucky to be just outside the hurricane belt, although the Atlantic coast and mountain areas can feel the effects of a storm passing by and bringing with it heavy [...]