After leaks in one of the chambers of the new gate of the expansion project of the Panama Canal were found, engineers of GUPC, say that its designer, Montgomery Watson Harza, “is still assessing the cause of the problem and has not yet submitted a report to the Panama Canal Authority”. At least, this is the information that was released by the Panama Canal administrator, Jorge Luis Quijano.
“The Panama Maritime [...]
CALL FOR HELP
A General Assembly meeting of the Colón Free Zone Users’ Association approved sending to the Ministry of Commerce and Industry (Mici) and the Ministry of Economy and Finance (MEF) a formal request that all fees be adjusted and that some taxes eliminated that affect the competitiveness of the Colon Free Zone (CFZ).
Maria Vanessa Ford, a director of the Colón Free Zone Users’ Association (AU) said that the duty free [...]
ACP DIRECTOR CITED
The defense lawyer of Nicholas Perez Balladares Corcione warned that his client can not be investigated for alleged money laundering because he is a member of the board of the Panama Canal. The businessman and director of the Panama Canal Authority (ACP) Perez Balladares Corcione did not attend the office of the Special Prosecutor against Organized Crime that had called him to appear in the investigation for alleged money laundering through accounts [...]
ACP 2016 BUDGET
The Panama Canal Administration (ACP) presented its budget for 2016. The administrator, Jorge Luis Quijano, and the Minister of Canal Affairs, Roberto Roy, delivered to a full sitting of the National Assembly documents on the project amounting to $2,630 million.
The Panama Maritime Authority (AMP) decided, through Resolution 106-67 DGMM of July 30, 2015, to make additional discounts to newly built vessels that register under the Panamanian merchant marine up [...]
The “severe” El Niño effect on rainfall has diminished the catchment of the Panama Canal watershed and is causing lower levels in the Gatun reservoir, the main source of water for the operation of the waterway and water supply for human consumption. The phenomenon, says the Panama Canal Authority (ACP), could cause a restriction on the draft of ships, if insufficient rains continue in the area.
The Panama government seeks to [...]
The Panamanian Association of Merchant Marine Officers (Apom) formally demanded that the Superior Council of the Panama International Maritime University (UMIP) “make an immediate call” for new elections for the rector. The request comes amid a legal dispute with the suspended rector, Victor Luna Barahona, claiming office after elections last October.
After the financial crisis facing Greece, Panama ordered an extension until August 31 to pay taxes without interest [...]
CANAL EXPANSION’S NEWEST MILESTONE
The new locks on the Pacific side of the Panama Canal, in the area of Cocolí, began to flood “successfully,” said the Panama Canal Authority (ACP) and the contractor responsible for the work. Unlike the locks on the Atlantic side, which began to flood by gravity a fortnight ago, the Pacific is filled with electric pumps and diesel pumps, said the CEO of Grupo Unidos por el Canal (GUPC), [...]