Investment

Honduras promotes “complementary dry corridor”

Posible ruta del Canal Seco de Honduras

It will help the Canal operations

Honduras promoted a dry canal at the IX World Economic Forum on Latin America that it plans to build connecting ports on the Atlantic and Pacific, which was presented as “complementary” to the Panama Canal.”

The president of Honduras, Juan Orlando Hernandez, spoke of the project without offering investment figures for not having them available during an unannounced intervention during the closing session of the forum, held at a [...]

Human capital is key to maritime and logistics development

Cámara Marítima de Panamá

Discussion analyzing the issue:

As part of its efforts to boost the maritime development of Panama and its transformation into a regional logistics center, the Panama Chamber of Shipping (CMP) is holding tomorrow, Tuesday, April 22, 2014, the discussion group “Human capital: key to growth of the maritime-logistics sector”.

The event will be moderated by Engineer Zoila Castillo, of the Technological University of Panama (UTP) and will be held from 7:30 a.m., at the Berlin [...]

Canal loses $300 million for delay in expansion works

Canal pierde $300 millones por retraso en obras

The planned expansion of the Panama Canal by a consortium led by the Spanish company Sacyr, continues to generate controversy. Every year of delay in commissioning the expansion costs the country $300 million. This has been assured by the administrator of the Canal, Jorge Quijano, at the opening of the World Economic Forum held in Panama City.

“Of course the delay in the work is an additional cost, since we already had the project scheduled [...]

Cartagena receives new generation of ships

El Monte Tamaro

The German shipping line, Hamburg Süd, has decided to renew its ships entering the Cartagena terminal.

The Port of Cartagena began receiving a fleet of new and larger ships with more capacity.

It is one of the largest shipping companies in the world that uses this terminal as its main connection port in the Caribbean.

Hamburg Süd is the 11th largest shipping company in the world, and decided to expand and renovate its cargo ships [...]

Panama’s ports operate at 50% of productivity

Puerto de Balboa

One of the most important challenges facing Panama is to raise the productivity of its port system, according to Joe Nicklaus, CEO of APM Terminals.

Nicklaus said that compared with other port facilities worldwide, “Panamanian ports are operating at only half their overall productivity.”

Leveling productivity is a crucial niche opportunity for the port industry, said the executive.

Besides Nicklaus, other specialists who participated in the Latam Ports and Logistic Summit agreed on the importance [...]

Asmar plans to expand in step with Panama Canal

Astilleros y Maestranza de la Armada Chilena (Asmar)

According to the director of the Chilean shipyard Asmar, Admiral Andrés Fonzo, the Panama Canal expansion, planned for 2017, will impact the industry and generate larger merchant ships, so the idea of Asmar is to be one of the preferred sites of domestic and international shipping to carry out repairs.

In fact, it expects to do this in addition to providing services to the Chilean Navy, one of the leading revenue earners of that category [...]

Direct Sale of land in Colon to SMC Barcelona, S.A.

On April 8, the Cabinet authorized the direct sale of  126 hectares on Remo Largo Island in the district of Cristobal, Colon province. The sale will be “through exceptional procedure”, i.e., directly, so that the company SMC Barcelona, S.A. can construct, develop, manage and operate a multipurpose container handling port and other complementary activities.