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 […]
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 […]
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 […]
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, […]
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 […]