Investment

Tocumen builds an international waste plant

El Aeropuerto Internacional de Tocumen genera seis toneladas de basura por día.

Tocumen International Airport general manager, Joseph Fidanque Tercero, has broken ground for the construction of an International Waste Plant.

This plant has the capacity to technically and effectively handle the collection, selection and final disposal of organic and inorganic residues, liquids and non-dangerous substances that are left by aircraft which operate in that air terminal. The building of the project was given to the Spanish company, Oproler, at a cost of $3.5 million. They will […]

Corozal and Amador will strengthen Panama’s competitiveness

Sitio del futuro puerto de Corozal.

The start of construction of the Port of Corozal and a pier which will serve the auxiliary maritime industry in the Pacific littoral will give added value to the Panamanian route and will boost Panama’s transformation into the Americas’ logistic platform, local shipping industry sources informed “The Bulletin”.

Also Panama Canal Railway Co. (PCRC), the U.S. railway operator that connects the three ports of the Atlantic with the port of Balboa in the Pacific, has […]

The great problem of land transport

Alrededor de 90,000 personas usan la Autopista Arraiján-La Chorrera diariamente.

There are ambitious plans to build a fourth bridge over the Panama Canal, a monorail to the west and an eight-lane Pan American Highway. But will this solve the traffic problem?

A great percentage of the public living in Panama West travel to work in the Capital City. The reason for this phenomenon is simple. The price of housing is so high in the metropolitan area, fueled by speculators and a lack of land, that […]

Avianca Holdings studies three airline proposals

Avianca tiene problemas financieros.

Avianca Holdings are expected to make a decision on which foreign carrier investment package is best suited to its current and future needs following the submission of three proposals.

Quoting sources familiar with the proposed deal, The” New York Times” reports US-based hedge fund, Elliott Management, which is involved in the deal, received proposals from Panama’s Copa Airlines, United Airlines parent United Continental Holdings Inc, and Delta Air Lines, the latter two from the U.S.

[…]

Judges give green light to Corozal

Panama’s Supreme Court has thrown out a motion put forward by Panama Ports Company (PPC) that the tender for the Port of Corozal infringes guarantees set out in the country’s constitution.

The decision, which was taken by nine judges, clears the way for the Panama Canal Authority (ACP) to continue with its tender for the construction of what will be a new container port with a 5.3m teus capacity.

Corozal port forms part of the […]

Panama could be distribution hub for Chinese products

China considers that the improvement in the country’s logistics conditions with the expansion of the Canal constitutes an opportunity to install a distribution platform towards Latin America.

“… Panama already serves as a bridge, or as a window for the transit of Chinese merchandise in Latin America, and I believe that with the logistical development of Panama this role will increase more and will be used more by Chinese companies,” said Wang Weihua, the permanent […]

Maersk acquires Hamburg Süd

Maersk es una de las navieras mas grandes del mundo.

Maersk Line, the world’s largest shipping company, will buy its smaller rival Hamburg Süd, which has a strong presence in Latin America, as part of its plans to strengthen its global operations.

The agreement, announced by the A.P. Moller-Maersk, is the group’s first total acquisition in more than a decade and highlights a consolidation drive in container shipping, which has faced low prices for freight and oversupply

Hamburg Süd, the seventh largest container shipping line […]