Panama promotes short sea shipping

Panama is in search of new areas of leadership at the regional level to boost Maritime Short Sea Transport (SSS) which is part of the Mesoamerica Project, with the aim of achieving greater integration, increase intra-regional trade and create new jobs.

José Miguel Rovira, director of Planning of the Panama Maritime Authority (AMP) and José Dopeso, director of Maritime Affairs and Ports of the Central American Commission on Maritime Transport (Cocatram) explained that in November […]

ACP Board authorizes go-ahead for Port of Corozal

The Board of Directors of the Panama Canal Authority (ACP) approved the statement of requirements and authorized management to continue with the approval process prior to calling the tender for the concession of the port of Corozal with the shortlisted companies.

The ACP announced that the statement of requirements will be published in ten days.

The ACP announced in March this year that four out of seven of the largest port operators in the world […]

BID to invest $400 million to speed border crossings

Frontera Panamá-Costa Rica, Paso Canoa.

A $400 million project of the Inter-American Development Bank (IDB) is being implemented to make a substantial change in the operation of border crossings in Central America.

In Panama, it is in a final stage of approval, with funding of $60 million.

The overall project is being made with a modern electronic platform so that shippers, importers and exporters can send in advance their information, so that on reaching the border crossing their merchandise makes […]

Glance at global maritime trade: Shipping industry adapts to low cyclical growth

Shipping industry adapts to low cyclical growth

By Franklin Castrellón

The impact of slow current economic growth in world trade has led the maritime industry to make adjustments in response to economic, political, demographic and technological trends. This is revealed in a study by IHS entitled, “Trade and the Maritime Industry, Global Trends 2016”.

“Understanding these trends is key to improving the performance of capital investment and operational efficiency, and provides the foundation for successful business strategies in the long term,” says […]

Mixed companies paid millions, why not Panama Ports?

Panama Ports, Cristóbal.

By Franklin Castrellón

The ten joint ventures increased their contributions to the State by 36.3% in fiscal year 2015, the director of the Department of Investment, Concessions and Risks (DICRE) of the Ministry of Economy and Finance, Jorge Dawson, told The Bulletin,.

The contributions totaled $163.4 million in 2015 compared to $119.9 million in the previous year.

The greatest contribution in 2015 corresponded to the hydroelectric generating company, Enel Fortuna, with $40.98 million, followed by […]

New executive director for PPC

Puerto de Balboa.

Panama Ports Company (PPC), a subsidiary of Hong Kong’s Hutchison Port Holdings (HPH), last week announced the appointment of Paul Wallace as the new Chief Executive Officer (CEO) with effect from August 8, 2016. Wallace replaced Aitor Ibarreche, who held the post from January 2014 to June 9, 2016.

With over 30 years of experience in the maritime industry, Wallace entered the HPH Group in November, 2009, as commercial director of the Port of Felixstowe, […]

PCT has new installations

Los megabarcos se están desviado a Puerto Caucedo.

Panama Central Terminal, Inc., (PCT) is a Customs area dedicated to handling nationalized and non-nationalized cargo. It has a facility and location in the area of Juan Diaz. From the moment cargo arrives at the ports, it is received in the facilities of Panama Central Terminal and moved quickly and safely through procedures for nationalization or export. PCT has a modern computer center that keeps inventories for both bulk cargo and containers.

The services offered […]