Balboa now receiving ships of 13,100 TEUs

Balboa recibe buques de 13,100 TEU’s

Anticipating the opening of the expanded Panama Canal, which will allow the transit of ships carrying up to 13,500 TEUs, the port of Balboa, on Panama’s Pacific coast, began to receive ships of 13,100 TEUs (20-ft container equivalents). Previously it received ships of approximately 9,000 TEUs.

The shipping world’s largest container carrier, Maersk Line, announced the replacement of ships of 9,640 TEUs that were part of the AC2 service between Asia and the west coast [...]

Ministry of Public Works focus on high impact projects for 2016

Ministry of Public Works focus on high impact projects for 2016

The Ministry of Public Works will concentrate all its efforts on mega projects such as the Fourth Bridge over the Canal, which will give another access to the interior. The bridge will benefit more than 1.7 million people who travel to and from Panama West every day, and whose only option is to use the Bridge of the Americas or the Centenary Bridge.

Another important project is the widening of the Panama-Arraijan highway to eight [...]

Hub of the Americas on growth pattern

El centro de vuelos de las Américas crece

Panama is attracting airlines from all over the world due to the incentives the Government offers to those companies that link up with the Hub of the Americas of the Panamanian Aviation Company (Compañía Panameña de Aviación -COPA).

This has increased interest in the country as a travel destination.

Without a doubt, the airlines offer alternatives to those travelers who do not want to go to the United States to take flights to Europe or [...]

Containership market faces difficult future

La tendencia es construir mega buques.

By Franklin Castrellón

About 90% of the cargo transported in the world is carried on container ships, and this is the main business of the Panama Canal.

Indeed, this segment accounted for 33.8% of the 340 million Canal tons (PC/UMS) which crossed this Canal in 2015. That segment of containerized cargo, like other segments, had a bad year in 2015 and prospects for 2016 could be worse, according to the maritime economist James Catlin.

In [...]

ACP chief sees how railway complements port operations

El ferrocarril de Puerto de Miami.

On a recent visit to brief PortMiami executives on Panama Canal expansion progress, ACP administrator, Jorge Luis Quijano took a train ride. He was invited by the proud operators to travel from PortMiami to FEC’s rail yard in Hialeah.

The canal expansion, due to be completed this year, is expected to play a big role in PortMiami’s growth plans.

As part of a three-pronged strategy to position itself for the future, PortMiami has built a [...]

Cristobal first rice re-export center in Panama

Puerto Cristóbal primer centro de re-exportación de arroz

The port of Cristobal, Colon, administered by Panama Ports Company (PPC) has created a new industry in Panama – bagging bulk rice for re-export.

The new activity advances the objectives of the operator to help position Panama as a global logistics center.

The service consists in bringing the product to Panama in bulk and bagging it before re-export to various countries in South America and the Caribbean through the port.

This added value implies a [...]

RFQ for developing of the Port of Corozal

Puerto de Corozal.

The Panama Canal Authority has issued a Request for Qualifications (RFQ) for companies interesting in designing, developing, financing, constructing, operating and maintaining the Corozal Container Terminal.

This follows the expression of interested by 13 of the world’s largest port operators in developing and operating the port.

The Corozal Container Terminal will be located at the Pacific entrance to the Panama Canal, and is intended to be a common user container transshipment terminal to distribute cargo [...]