Investment

New ferry plies the Perlas Islands

Sea Las Perlas' Island Express III

It’s faster, It’s luxurious

The new Island Express III arrived this month in Panama to ferry passengers from Panama City to the Pearl Islands. “It is brand new, from Washington State,” said Claudio Caicedo, Sea Las Perlas Operations Manager.

“It’s top of the line, with nice cushioned aircraft seating and it’s faster than the other ferries in the fleet.” said Captain Randy Rickson.

“Powered by two 500hp Iveco diesel engines, we do 30 knots [...]

Ferry will travel between Panama and Colombia

Ferry abre puente entre Panamá y Colombia

A new ferry service between Cartagena, Colombia, and Colón 2000 in Panamá, will start operations from October 24. The ship that will cover this route is the “Adriatico,” that was remodeled in 2005 and has a capacity for 1,000 passengers, a crew of 300 and can carry 500 automobiles.

The “Adriatico” will travel to two destinations – Cartagena, on Monday and Wednesday, and Isla Cólon in Bocas del Toro, on Friday.

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Which bill with save the San Lorenzo and Portobelo forts?

Aduana y fuerte de Portobelo

By Marijulia Pujol Lloyd

Panama is on the black list of the World Heritage Committee of United Nations Educational, Scientific and Cultural Organization (UNESCO) due to the poor condition of the forts of San Lorenzo and Portobelo in the province of Colón. After an inspection conducted in 2012, this organization classified these sites as “endangered.”

On August 13, Colón legislator, Miguel Salas, presented a bill that seeks for the government to destine a set amount [...]

Panama Canal Pacific locks reach 70% completion

Se han vertido 2.1 millones de metros cúbicos de concreto

Work on the third set of locks on the Pacific side of the Panama Canal is about 70% complete in overall progress.

This was announced by the manager of the Pacific locks of the Panama Canal Authority (ACP), Gustavo Rivas.

Rivas said that they have already poured 2.1 million cubic meters of concrete of a total of 2.4 million.

The official said that among the challenges faced [...]

Fourth set of locks will depend on the demand

El tercer juego de esclusas ya tiene los cimientos para construir el cuarto

By Marijulia Pujol Lloyd

The idea of building a fourth set of locks has been within the plans of the Panama Canal Authority (ACP) for quite a few years and even the third set, which is under construction, has its foundations to construct them when that institution decides it is necessary.

Recently, the Panama Canal Administrator, Jorge L. Quijano, held an informative meeting with a delegation headed by Mo Wenhe, Chairman of the China Harbour [...]

Panama presents plans to the IMO

Panama made a payment of 2.7 million GBP ($4,553,386), corresponding to its annual financial contribution to the International Maritime Organization (IMO) for the current year, reaffirming the Panamanian administration’s commitment and its support to all the activities developed by this lead agency regarding maritime policies worldwide.

This event took place during the visit to London by the AMP’s Deputy Administrator, Alejandro Agustín Moreno and the Merchant Marine’s Director General, Fernando Solórzano.

As part of its [...]

Egypt plans to dig new Suez Canal

Egypt has said that it plans to build a new Suez Canal alongside the existing 145-year-old historic waterway in a multi-billion dollar project to expand trade along the fastest shipping route between Europe and Asia.

The project, to be run by the army, is a major step by new President Abdel Fattah al-Sisi to stimulate Egypt’s struggling economy and it recalls some of the grand national programs of one of Sisi’s predecessors, army strongman Gamal [...]