Investment

Chinese interested in starting new Panama Canal expansion

The administrator of the Panama Canal, Jorge Luis Quijano, said that a group of Chinese businessmen have shown interest in building and financing a fourth set of locks and will be visiting the ACP again.

The Canal administrator was in a discussion organized by the Panamanian Association of Business Executives (APEDE) to discuss the progress of the Canal expansion when he said that there is no demand at the moment for a fourth set of [...]

Canal competitiveness in question

Mega ship building reaches fever pitch

Will Panamá be ready to handle mega ships?

Container ships with dimensions exceeding the capacity of the expanded Panama Canal put into question the country’s readiness to receive them.

Although the increasing size of container ships on the pretext of economies of scale has its limits, the main shipowners are engaged in a race to build ships of 18,000 TEU and more.

Earlier this year, Evergreen Line announced it had ordered 11 mega container ships [...]

Dispute Resolution Board partially favors GUPC claim

José Antonio Domínguez, presidente de la comisión legislativa de Infraestructura Pública y del Canal, durante una reciente inspección de los trabajos de ampliación del Canal de Panamá.

The Dispute Resolution Board (JRC) issued its decision that recognizes the payment of a fraction of the amounts claimed by the Grupo Unidos por el Canal (GUPCSA), in respect of alleged cost overruns in the construction of the third set locks of the Canal expansion.

The decision of the JRC provides its discretion with respect to the mixture of concrete and basalt aggregate for the construction of the locks.

In this case, GUPCSA claims some [...]

700K people have visited AIG Street View Panama

Una captura de pantalla del puente Centenario desde el portal de AIG

Virtual tours of Panama are now easily accessible from your smart phone, tablet or computer. An estimated 700,000 people have already visited AIG Street View Panama, a website that allows visitors to take online tours of the country, said the National Authority on Government Innovation (AIG). The site is accessed at: “311panama.maps.arcgis.com” where the “AIG Street View” link is located.

Engineer Anabel de Tapia, Director of Architecture Technology of AIG, indicated that the website contains [...]

AMP to build docks for auxiliary maritime sector

El muelle de Balboa Yacht Club en Amador, que es utilizado por las empresas auxiliares del sector marítimo debido a la actual falta de instalaciones de un muelle adecuado

The Panama Maritime Authority (AMP) is planning to build two docks for the auxiliary maritime services industry, one in the province of Colón and the other in the province of Panama.

This answers an old aspiration of the auxiliary maritime services sector. This project was already being discussed, but the areas selected for the constructions were not available at that time.

The companies require access to the sea from docks to facilitate the handling of [...]

Tocumen attracts major brands

Starbucks and Juan Valdez, of Colombia, are just two of the companies interested in participating in tenders for commercial areas at Tocumen International Airport.

The specifications for the procurement of 15 of the 40 areas available at Tocumen will be announced in the coming weeks and the duration of the concessions is estimated to be between five and 10 years.

Starbucks has shown interest in participating in bids being made by Tocumen SA, specifically for [...]

AMP-CAF cooperate to revive Puerto Armuelles

Autoridad Marítima de Panamá - Logo

A technical cooperation agreement for the revival of Puerto Armuelles and the creation of an intermodal dry canal was signed between the Panama Maritime Authority (AMP) and CAF Development Bank of Latin America.

With the signing of this agreement, the financial institution provides support to the AMP through the contribution of $100,000, which will go towards the creation of a business model for the Puerto Armuelles project in the province of Chiriqui.

According to the [...]