Logistics

MOL and China Cosco Shipping to be co-owners of four LNG tankers

MOL has announced that China COSCO Shipping will participate in the subsidiary of its property that will own four LNG tankers providing services to the Russia Yamal LNG project.

Total ownership will be divided equally between MOL and China COSCO Shipping.

It should be noted that MOL has already signed long-term charter contracts for the four ships through its subsidiary.

This is the fourth joint LNG project involving MOL and China COSCO Shipping, which gives […]

How transport can be reinvented in the digital age?

Los barcos serán más seguros y necesitará menos tripulación.

Digital technologies are revolutionizing the world with unthinkable impacts in all industries. Containerized cargo transport is no exception and “half a century after the creation of the container, it is time to rethink the future of the business with the incorporation of digital technology, big data and the Internet,” according to an analysis of the consulting firm McKinsey, which proposes a long-term vision with the integration of the advances of the future.

According to the […]

Panama must solve problems limiting competitiveness

Índice de competitividad en Latinoamérica y el Caribe.

By Franklin Castrellón

Panama has dropped eight positions in the Global Competitiveness Index 2017-2018 which is made every year by the World Economic Forum (WEF). The country has fallen to 50th position among the 137 economies evaluated under the twelve pillars of the ICG.

They include institutionality, infrastructure, macroeconomic stability, health and primary education, higher education and training, stock market efficiency, labor market efficiency, financial market sophistication, technological availability, market size, business sophistication and innovation.

[…]

MOP receives proposals for fourth bridge over the Canal

Cuarto puente sobre el Canal.

Panama’s Ministry of Public Works (MOP) received the proposals from the four prequalified consortia for the design and construction of the fourth bridge over the Panama Canal.

At the ceremony, held in the Yellow Room of the Presidency of the Republic, the companies presented their proposals: Consortium Panama Fourth Bridge, made up by China Communications Construction Company Ltd/China Harbor Engineering Company Ltd; Dragados Sucursal Panamá, S.A.; Astaldi Consortium – DAELIM conformed by Astaldi S.P.A./ DAELIM […]

China Merchants Ports buys port of Paranaguá, Brazil

China Merchants Ports has bought 90% of the Brazilian company TCP Participaçoes, which manages the port of Paranaguá, the second largest in the South American country, located in the State of Paraná (south), EFE reported.

The agreement between the two companies closed for about $935 million, TCP Participaçoes said in a statement to the financial market.

In 2016, China Merchants Ports, as a group, had investments in 28 ports and 188 docks for containers, six […]

Panama ready to implement the Convention for the control of Ship’s Ballast Water

El Convenio Internacional para el Control y la Gestión del Agua de Lastre y los Sedimentos de los Buques protegerá el medio ambiente.

The International Convention for the Control and Management of Ships’ Ballast Water and Sediments, adopted in 2004 (BWM), comes into force on 8 September, and aims to prevent the spread of harmful aquatic organisms from one region to another, establishing standards and procedures for the management and control of ballast water and sediments of ships.

Accordingly, all ships engaged in international maritime transport must carry out their ballast and sediment water management in accordance with […]

Center promotes knowledge of Standards and Technology to boost economic development

Oficinas de GS1 en Panamá.

From code identification to complete traceability processes are topics explained at a Knowledge Center which has opened in Panama City so that the public can understand the benefits of the GS1 System and the technological advances it offers for logistics and economic development of the country.

This specialized center, an effort of GS1 Panama, similar to GS1 in various countries where it has a presence, has become a potential contributor for the training of thousands […]