Hidalgo and Panama work with successful models

Gobernador Francisco Olvera se reúne con empresarios en Panamá

During his recent working visit to Panama, the Governor of Hidalgo, Mexico, Francisco Olvera, accompanied by his wife, Guadalupe Romero, president of the Board of DIF, visited the project Georgia Tech Supply Chain & Logistics Institute of Panama, which is a successful business model in Panama.

Accompanied by the Ambassador of Mexico in Panama, José Ignacio Piña; Arturo Aguilar, director of the Tecnológico de Monterrey headquartered in Panama and Panamanian businessmen, the chief executive of [...]

MOL leaps ahead with more giant ships

Mitsui OSK Lines (MOL)

The Japanese shipping company Mitsui OSK Lines (MOL) has announced a contract with the Korean shipyard Samsung Heavy Industries, to build four container ships of 20,150 TEU capacities, at a total cost of $619 million.

It will add another two to be built in Japan, for which it has already signed a long-term chartering agreement with Shoei Kisen Kaisha.

The Japanese shipowner noted that these six colossal vessels are the largest in the world, because [...]

Logistics sector will require 30,000 trained people

The ninth edition of the national forum for competitiveness showed that Panama will require, over the next five years, from 30,000 to 35,000 people trained in logistics, said the director of the National Competitiveness Center, Nicolás Ardito Barletta.

The former Panamanian president explained that not all of this training will be done at the Inadeh level, but also at university level and for this purpose several higher education institutions have increased their programs to generate [...]

Vision of Tocumen in the next ten years

Joseph Fidanque III

By Juan Rafael Cortés Dean

In the plans for the South Terminal of Tocumen International Airport is a monorail that connects with the Panama Metro Line Two that would cost $60 million. There is also a need to build a new control tower, a new Customs center, 20 gates in the terminal, a third runway and a school of logistics.

The master plan may cost $600 million at the end of the development.

This was [...]

China is betting on Latin America

By MarijuliaPujol Lloyd

China is becoming Latin America’s new investor relegating the United States to a second place due to the recession of its economy. Recently the Chinese government pledged to invest $250 billion in Latin America. Although the main recipients of the Asian country’s generosity have been Venezuela, Peru and Ecuador, it has begun to show some interest in Panama.

The Chinese Development Bank lends the money to Latin American countries in exchange for [...]

“Panama unprepared to take advantage of expansion”

“Panama unprepared to take advantage of expansion”

Missed opportunities for lack of logistic policies, says expert

By Marijulia Pujol Lloyd

The logistics sector represents 33% of Panama’s GDP and its impact is only reflected back on world trade because it is focused on the transit and movement of cargo. However, these activities do not have great effect on the rest of the country, which is losing a great opportunity to generate more investments and employment, was one of the conclusions of “The [...]

In six months bids to be called for fourth bridge over the Canal

En seis meses licitarán cuarto puente sobre el Canal de Panamá

In six months the Government of Panama will call the bidding process to build the fourth bridge over the Panama Canal, announced President Juan Carlos Varela Rodriguez.

Varela Rodríguez explained that four financial alternatives will be studied that have been submitted by the Ministry of Finance to cover the costs of the work.

The idea that a single contractor would build Metro line 3 and the bridge was also explored, but it was eventually [...]