The growing supply of container industry capacity due to construction of larger ships is not only causing a decline in freight rates, but another shortage: a o lackf crew.
By 2019 the industry will need 42,500 additional officers to handle the expected growth of 7% projected over the next five years, says the Manning Section of the forecaster, Drewry.
The current supply is around 615,000 officers and there is a nominal shortage of about 15,000, [...]
The Danish shipping company Maersk Line announced the signing of a contract worth $1,100 million with Hyundai Heavy Industries (HHI) for building nine vessels with a capacity of 14,000 TEUs each.
This is the third purchase of an investment program of $15,000 million announced by Maersk Line in 2014, which includes new container vessels, and retrofitting, among other work.
“I am very pleased with this new order, where we decided to adopt a new approach. [...]
By Marijulia Pujol Lloyd
The logistics sector is very important for Panama’s economy. However, several leaders in this industry have said repeatedly that there is a lack of qualified bilingual personnel that could occupy the posts that are going to be created once the expanded Panama Canal starts operations in 2016.
In order to solve this problem, the Panamanian Association of Cargo Agents (APAC), together with the Logistic Cargo Training Center, the Logistic Business Council [...]
The first cargo ships have successfully navigated the new Suez Canal in a test that began at the end of July amid heavy security. The work, vital for regional and global trade, will be officially opened during August. The construction of the new waterway, which runs alongside most of the existing canal, began less than a year ago.
The 72-kilometer route allows two-way navigation of larger ships. Numerous container ships sailed through as part of [...]
To obtain the financing needed to complete the expansion of the South Terminal, the Tocumen International Airport administration expects to reissue debentures.
The delays that have occurred in the work due to changes in the original project design, prevent the administration from beginning to raise funds for the concession of the new “duty free” area, so they have announced that they will need to issue a new bond debt to complete the financing. It is [...]