News Briefs

Week in Review – Vol. 34 No.19


The largest port operators in the world have expressed interest to the Panama Canal Authority (ACP) in participating in the public tender for the concession to operate the port in Corozal. The ACP has received letters from 11 companies expressing their interest to be considered in the pre-qualification process, demonstrating the great demand for this service on the Panamanian Pacific coast, said the ACP.


The Panama Chamber of Shipping [...]

Week in Review – Vol. 34 No. 18


The consortium Grupo Unidos por el Canal (GUPC) which is building the third set of locks on the Panama Canal, has not given the final report on the leaks detected more than two months ago on the Pacific locks. The Canal administration announced that it has received preliminary reports, but is still waiting on a final report on the failure. After more than two months since the leaks appeared in the Canal Expansion, [...]

Week in Review – Vol. 34 No. 16


A failure of steel reinforcements caused the leaks detected in one of the walls of the new locks of the Panama Canal expansion project, and the contractor will reinforce this and other parts of the structure without the delivery date of the work being affected, which is scheduled for April 2016. The Panama Canal Authority (ACP) announced that Grupo Unidos por el Canal (GUPC), project manager of the new locks, set out in [...]

Week in Review – Vol. 34 No. 15


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 [...]

Week in Review – Vol. 34 No. 14


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 [...]

Week in Review – Vol. 34 No. 13


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 [...]

Week in Review – Vol. 34 No. 12


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 [...]