Panama climbed five positions in the Logistics Performance Index ranking compiled by the World Bank every two years. The country jumped from 45th place in 2014 to 40th this year, as the first in Latin America, ahead of Chile (46) Mexico (54) and Brazil (55). It is also the fifth country in the world in a sub-classification of territories with medium-high income, behind South Africa (20), China (27), Malaysia (32) and Turkey (34).
A fourth set of locks on the Panama Canal could be built “If it becomes necessary” and a group of experts will start a feasibility study from October 1. However, there is still no decision, the administrator, Jorge Quijano told the news agency Efe.
Between 2007 and 2015, during the expansion work of the Canal, 2,250 pieces of archaeological value were found, dating from different periods of the history of Panama: […]
PROTECT FREE ZONE
The Logistics Business Council (COEL) and the Colón Free Zone Users’ Association (AU) raised the need to review comprehensively the strategy to protect interests of this commercial emporium. “We feel the urgency to activate the consultancy hired by the government and we hope to analyze the constraints that exist in the region, beyond the measures applied by Colombia since 2006 and the situation of Venezuela,” said Marco Tellez, president of the AU.
The China Landbridge Group made its first investment in Panama on large scale by a Chinese company with the construction and operation of a new port on Margarita Island, Colón. The first terminal, in addition to being able to handle neopanamax ships, will feature a high-quality logistics park to meet the significant demand that will be generated by the Canal expansion.
The CEC (China State Construction Engineering Corporation) consortium won 563 […]
Four major port operators from Denmark, France and Singapore were prequalified in the bidding process for the design, construction and operation of the container transshipment port of Corozal, to be built on the Pacific side of the Panama Canal with a calculated investment of at least $500 million. The four port operators are APM Terminals (Denmark), Terminal Link (France), PSA International (Singapore) and Terminal Investment Limited (the Netherlands), said the Panama Canal Authority […]
The investment of $5,000 million in the expansion of the Panama Canal has woken up the “interest of many customers” and the cost will be amortized by 2029, said the administrator, Jorge Quijano, in Miami, where he participates in the Global Strategy Forum. “I am pleased to see that we are at the end of the road and we expect to see revenues increase substantially,” following the opening next June, Quijano said.
The Panama Canal estimates that from 2020, with the new locks, “approximately 25 million metric tons of liquefied natural gas (LNG) will transit every year,” said its manager, Jorge Luis Quijano. “The discovery of large gas reserves in the area of the Gulf of Mexico, in the United States, in recent years, has opened the opportunity in a matter of months for the first exports of liquefied natural gas, and given the expansion of […]