Investment

European Commission approves CSAV and Hapag-Lloyd merger

Compañía Sud Americana de Vapores (CSAV) and German shipping company Hapag-Lloyd took a new step on September 11 in the process of completing the merger of their container businesses after approval of the transaction by the European Commission.

The approval of the entity was given in the framework of the consultation process by competition authorities around the world that both companies are making and whose approval is a condition to closing the transaction.

The decision [...]

Jewel of Colon regains its beauty

“Christ Church by the Sea,” es un icono de Colón

“Christ Church by the Sea”

With the financial support of the Colon Free Zone Administration, one of the few buildings of great architectural interest remaining that represents the beginning of Colón province was totally restored.

It is known as Christ Church by the Sea, the construction of which began in 1863 and ended in 1864.

This church was built of national stones by the architect, James Renwick, and is representative of the neo-Gothic trend in [...]

Third shipment of new lock gates arrives

Compuertas llegando al muelle especial

Four more lock gates for the third set of locks on the Panama Canal arrived aboard the pospanamax ship “Xia Zhi Yuan 6” after a journey that began on August 17 at the port of Trieste, Italy, before crossing the Atlantic Ocean to the Atlantic entrance of the Panama Canal and the special dock of Agua Clara, near Gatun Locks.

Once in Panama Canal waters, the ship passed to the Panama Canal pilots Arcelio Hartley [...]

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.

[...]

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 [...]