Investment

Despite PPC criticism: ACP pushes ahead with Corozal terminal

The Panama Canal Authority (ACP) has justified its decision to pursue the development of a port terminal in the area of Corozal because it represents an opportunity to maximize the value of the route through the Panama Canal and it also promotes increased cargo traffic through the waterway.

However; Panama Ports Company (PPC), operator of the Port of Balboa, says this argument “does not stand up.”

The Board Resolution of the ACP states that the [...]

Let’s stop talking and build a logistics hub

El puerto de Balboa

Editorial comment

The Government has announced the creation of an “inter-institutional logistics cabinet” to develop a “Master Plan.” Instead of more paper plans, the Government needs to tackle obstacles and facilitate the private sector to get on with the job so that the logistics sector will evolve in response to the realities of the industry.

First came the wheel, then sail, steam locomotion and, finally, the wing. These combinations led to what is now known [...]

Strengths of Panama for the establishment of shipping enterprises

SERVICIOSENPANAMA.COM Lic. Oliver Laprea Estudios de Maestría (UP) “Desarrollo del Sector Marítimo de Panamá” Énfasis: Empresas Navieras

Panama has benefited over time from its geographical position, from the discovery of the South Sea by Vasco Nuñez de Balboa in 1513 to the completion of the Canal Expansion by the middle of 2015. History has shown that major transit movement directly contributes to the Panamanian economy and that Panama is a natural, strategic point for setting [...]

Megaport in Capira

Herman Gnaegui

By Marijulia Pujol Lloyd

The dream of building a port capable of handling post-panamax ships together with a logistic park has been a project of Herman Gnaegui since 2003. He presented a proposal to the press in 2006 and again in 2014. However, the Panama Maritime Authority (AMP) has to date not received any requests to construct a megaport in Capira, located in the newly created province of West Panama.

Gnaegui, a former legislator who [...]

The Cerro Ancon completes new fleet of tugboats

The Cerro Ancon

The Cerro Ancon is the last of the 14 tractor tugs of the new fleet that was recently received by the Panama Canal.

These new tugboats will allow the Canal to offer a more efficient service to the global shipping industry and strengthen the waterway’s capacity for the operation of the Third Set of Locks.

The tugboats have been gradually arriving in Panama from Spain since June 2013, built by Astilleros Armon, S.A., a Spanish [...]

Cooperation agreement signed between Houston and Colón

El Terminal Barbours Cut del Puerto de Houston

The Manager of the Colón Free Zone, Surse Pierpoint, participated in the ceremonial act of “Signing a Cooperation Agreement” between Houston and Colón, made by the Mayor of the District of Colon, Federico Policani, and the Mayor of Houston, Annise D. Parker, to strengthen relations and carry out works that benefit the province.

Houston Mayor Parker explained that the importance of the signing of this agreement is to exchange knowledge with local authorities and to [...]

Promoters in Costa Rica plan to compete with the Panama Canal

Esquema de la Gran Terminal de Contenedores en Moín, Limón, Costa Rica

A project for a new Atlantic Mega Transshipment Port (MTA) in Costa Rica, could move to its next phase in 2015, with the start of feasibility studies.

This would be the first stage of a dry canal proposed by the Amega company to connect cargo movements between the Pacific and Atlantic oceans.

While the rest of the dry canal has failed to develop, the mega port itself would be profitable, it was stated by Jose [...]