The Latam Ports & Logistics Summit took place last month at the Sheraton Hotel of Panama City. The event organized by BN Americas, a Chilean company which has nine years’ experience in the area, managed to gather shipping and logistic leaders from all over the world to discuss the impact that the Panama Canal widening will have on shipping routes, finding financing to build a port and the importance of insuring cargo.
Among the speakers [...]
The agreement reached on February 27 between the construction consortium GUPC and the ACP is working towards unlocking the third set of locks on the Panama Canal, but it was not for another month that the project began to enter normal rhythm. Much of the blame lies with the entry of new money to the GUPC petty cash box.
The consortium partners (Sacyr, Impregilo, Jan de Nul and Cusa) injected $100 million that was committed [...]
During BNamerica’s LatAm Port and Logistics Summit held in Panama City, the five busiest ports in the region were evaluated, according to the latest numbers from the UN Economic Commission for Latin America and the Caribbean (Eclac), which looked at container movement in TEUs from 2013. The results are:
Although container movement at Panama’s Colón port was down 5.3% in 2013 compared to 2012, with 1.68 million TEUs moved, [...]
After passing the test of U.S. regulators, a major shipping alliance is poised to shake up the global container business by reducing the costs of the world’s largest operators, while putting pressure on smaller companies.
Danish A.P. Moeller-Maersk’s Maersk Line, CMA-CGM, of France, and the Swiss company, Mediterranean Shipping Co., the world’s three largest container carriers by capacity, won approval from the U.S. Federal Maritime Commission for their P3 alliance.
Chinese and European regulators must [...]
Restraints on the sale of foreign currency are the reason for slow seaport operations in Venezuela. The activity has plunged 80% said Customs agencies.
Restrictions on the sale of foreign currency by the Venezuelan authorities have translated into a slowdown in the arrival of cargo, and a lower supply of goods in the domestic market.
Based on the estimates issued by importers and Customs agents at Puerto Cabello, imports in January-February 2014 plummeted by around [...]
The Nicaraguan canal environmental impact analysis being made by a British group hired by the Chinese company responsible for the project, has been questioned by Nicaraguan presidential adviser for environmental issues, Jaime Incer. He questioned the results of environmental impact studies conducted by the British firm Environmental Resources Management (ERM) on the Nicaragua canal project.
“The major flaw is that, although the company is very reputed, the only fact that it is contracted by the [...]