BID promotes Mesoamerican transport, logistics and integration

El corredor mesoamericano.

The Inter-American Development Bank (IDB) announced a contribution of $800,000 through the approval of two technical cooperation grants, each of $400,000, for the Strategic Program for the Development of Infrastructure and the Strategic Program for the Development of Integration.

In both cases, the beneficiary countries will be Mexico, Belize, Guatemala, Honduras, El Salvador, Nicaragua, Costa Rica, Panama and the Dominican Republic, members of the Mesoamerica Project.

In this way the IDB will contribute to the […]

CMA CGM on the verge of ordering nine 22,000 TEU ships

CMA CGM está aumentando su flota.

Despite a long period of sobriety by shipping companies in making new orders for large ships, the race seems to be starting again with news that CMA CGM is preparing to order nine units of 22,000 TEUs.

According to a report by Drewry, following the information provided by “Dayly Splash” and another by Lloyd’s List, the French shipping company is said to be in the last stages of negotiations to finalize six new orders, plus […]

Chinese port operators expand with unprecedented aggressiveness

Cosco Shipping Ports y China Merchants Ports han impulsado fusiones.

Prospects for global demand growth in container ports are are now more optimistic and Chinese market players are moving forward aggressively with high-level purchasing of terminals.

In that sense, major shipping mergers and acquisitions are changing the landscape, marking a better future, according to the Global Annual Report on Container Operator Terminals 2017, in its fifteenth year of publication by Drewry.

Drewry’s forecast of demand of container terminal operators is more positive than that reported […]

Panama seeks alternatives to maintain maritime leadership

Las naves de Princess Cruises cruzarán el canal ampliado pronto.

Panama is looking for an alternative to continue maintaining its leadership position in the flagging of ships.

The Marshall Islands have become Panama’s main competitor, with an average annual growth of 10%.

Panama is a leader in the merchant fleet. Last year, the country brought together 18% of the world fleet, with a total of 8,094 vessels and 226.6 million tons. But the country is concerned about the rapid growth of the flag of the […]

Tender for fourth bridge over the Panama Canal postponed

Maqueta del cuarto puente sobre el Canal

Four groups will compete to build the fourth bridge over the Panama Canal, following the withdrawal of the consortium formed by the Korean Hyundai and the Spanish Sacyr, which join the departure of the group CCB, conformed by the Brazilian Odebrecht that was told to resign in January.

The Ministry of Public Works modified the date of receipt of offers, so that on September 5 the two consortiums integrated by Chinese companies, one led by […]

Panama must offer Chinese tourists more than beaches

Los turistas chinos quieren cultura.

Panama has to rethink its tourism model and offer more than sun and beach if it wants to attract more Chinese tourists following the establishment of diplomatic relations with the Asian country, said a Panamanian business leader.

“The Chinese have a different form of tourism and offering them beach and sunshine is not what they want, as they cover themselves a lot so they do not get burned.” Chinese people want culture and shopping,” said […]

Central American ports must adapt to new shipping demands

Puerto Quetzal.

The shipping world demands port efficiency, due to the need to load and unload large numbers of containers in a short time. The expansion of the Panama Canal has led to the construction of larger vessels with more capacity. However, the economic crisis of 2009 and the fall of freight volumes by half, explained Ricardo Cruz, chairman of the transport and logistics committee of the El Salvador Chamber of Commerce (Camarasal).

At present there are […]