A press release from the Ministry of Public Security of Panama has announced that “Panama could give Peru an area under concession on a government-to-government mechanism for the development of a shipbuilding industry.”
The statement was made by the Minister of Public Security, Jose Raul Mulino, during his visit in Peru with the Defense Minister, Pedro Cateriano.
The Minister said at the Army Headquarters in San Borja, that Panama would be interested in evaluating an [...]
To attract foreign investors
The Dominican Republic is investing in the training of its human resources in technical areas and in the English language in order to attract investors to the island.
The Senior Commercial Manager of DP World Caucedo, Hector Tamburini, highlighted the geographical position of the Dominican Republic, which is located close to large consumer markets and the country’s investment in a technology park technical college specializing in training technical vocations and the [...]
The conflict over the construction overruns of the third set of locks on the Panama Canal maintains uncertainty in international markets, which are now making calculations to determine their losses if the expansion is not completed in the planned time.
The study “Panama Canal Expansion, the National Development and International Trade”, published in November 2013 by the US Department of Transportation and the US Maritime Administration, states that the trade route that will be most [...]
Executives of Air Panama are shareholders in Tica Air, which will fly three times a week from Costa Rica to Miami and code share with Air Panama from Costa Rica to Panama. The investment totals more than $10 million.
The new Costa Rican airline, Tica Air, will have a strong Panamanian flavor. Among its main shareholders are Eduardo Stagg and George Novey, executive chairman and CEO of Air Panama.
Eduardo Stagg, in an interview with [...]
APM Terminals, operator of the Multipurpose North Pier at Callao, Peru, will invest $58 million in the expansion of the discharge capacity of the conveyor belt and the expansion of the container yard.
The General Director of APM Terminals Callao, Henrik Kristensen, said that the refurbishment will be carried out in five stages.
Currently, APM Terminals Callao is carrying out steps 1 and 2 including the remodeling of docks 11 and 5, and the expansion [...]
There are 16 lock gates that are a key for the Panama Canal expansion, but to date only four have been delivered.
They should have arrived in late 2013, but problems with the shipping company prevented them from leaving Italy.
There is no doubt that the gates have become one of the key points in the conflict between Grupo Unidos por el Canal (GUPC) and the Panama Canal Authority (ACP). The Spanish newspaper El [...]
Benefits from logistics for international trade is one of the main objectives sought by Mexico in negotiations for a Free Trade Agreement with Panama that ended their fourth round of negotiations in Mexico City.
“More than for business, it is to generate a strategic treaty between Mexico and Panama connecting businesses and having investments in both countries that can generate efficiencies in the logistics field, such as for manufacture in Mexico and using Panama as [...]