Bi-Lingual Newspaper which focuses on Logistic News and Information for Panama and Around the Globe
NO NICARAGUAN THREAT
The eventual construction of a waterway in Nicaragua is not considered a threat to the operation of the Panama Canal, according to senior executives of the entity. “At this time we do not think that it is an immediate concern, because some studies and validations still need to be made. “In April 2015, the Panama Canal contractor must complete the physical work and testing, because part of the contract includes the testing [...]
SCANNERS QUESTIONED
The nine business organizations that are part of the Logistics Business Council requested that the government cancel the tender for the operation and maintenance of technical inspection service equipment, or scanners, for the National Customs Authority (ANA). It is intended to award a contract to a company for 10 years whose income is estimated at $30 million per year, or $300 million in a decade. The Government has turned on the [...]
ACP REJECTS CLAIM
The Panama Canal Authority (ACP) has rejected a claim for $585.9 million by Grupo Unidos por el Canal (GUPC) submitted on July 20, 2012 for additional costs in the design and construction of the third set of locks. The ACP rejected the GUPC application on the basis of a number of reasons including the quality of materials to produce the concrete aggregate. The work by GUPC has a delay of [...]
DEBTS HIT CFZ
The debts of Venezuelan merchants with Colom Free Zone companies amounts to about $600 million, due to their difficulty to acquire dollars, said the zone administrator, Leopoldo Benedetti. The new tariff set by Colombia and Venezuelan merchants’ defaults have brought serious problems to merchandize movement, which has caused traders to mobilize and seek alternative markets such as Bolivia, Chile, Uruguay, Paraguay, Peru and Ecuador, among others. The Venezuelan government integrated [...]
LOGISTICS BOOMING
The logistics sector contribution to Panama’s gross domestic product (GDP) has doubled in 12 years, from 13.3% in 2000 to 24.1% in 2012, according to the economic chart of the Panamanian Association of Business Executives (APEDE), based on statistics from the Comptroller’s Office. The Comptroller’s Office measures the contribution of the logistics industry including communications, an activity that plays an important role in the logistics platform and competitiveness in the services provided by [...]
MARITIME DIABLO
The Reverted Property Unit under the Ministry of Economy and Finance (MEF) revealed that several hangars in the Diablo sector that belong to it and is adjacent to the land that the Panama Canal Authority (ACP) has in that area will be sold. The newspaper La Prensa said it had access to a letter dated April 2 and signed by the secretary of the Unit of Reverted Properties, Juan Carlos Orillac, which informs [...]
GROWING FLEET
The Panama Merchant Ship Registry, the world’s largest, rose by nine million gross tons in 2012, but compared to the previous year reported a slight fall in the number of ships registered. At December 31, 2012, the Merchant Fleet of Panama was 227.8 million gross registered tons or 4.4% higher than 2011 when it totaled 218 million tons, according to a report by Clarkson Intelligence.
COLOMBIAN TAX HITS
The Colon Free [...]
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