Panama Maritime Authority

Chiriqui economy will be reactivated

AMP Administrator:

A commitment of President Juan Carlos Varela is the provision of direct support to infrastructure and economy of the province of Chiriqui.

“In this development the Panama Maritime Authority (AMP) is involved in logistical support in all these modernization plans,” said the administrator of the AMP, Jorge Barakat.

This announcement was made during a meeting between Barakat and his staff with local authorities, businessmen and members of the David Chamber of Commerce that [...]

Panama sets rules for maritime traffic

The new traffic separation system that will begin December 1, establishes four areas in the Canal’s approaches and coastal areas, protected due to their being environmentally sensitive sites.

The separation of traffic (TSS) will include three areas on the Pacific, one on the Atlantic and at the entrances of the canal to allow the organizing of vessel traffic congestion areas and it should protect humpback whales.

Areas that are protected include the Maritime Corridor, which [...]

Time capsule, novel initiative of the Chamber of Shipping

La capsúla del tiempo será enterrada en las esclusas de Gatún

In a new initiative that will create interest 25 years from now, the Panama Chamber of Shipping (CMP) with the consent and support of the Panama Canal Authority, will bury a time capsule in the Gatun Locks, as a commemorative activity for the Centenary of the opening of the Canal to world maritime trade.

The capsule, containing a collection of information and articles on the Centenary of the Canal and related activities, will be buried [...]

Panama offers vessel registration discounts

“To help the industry in time of difficulty”

Discounts have been granted of up to 35% on the registration fee and the annual consular fee for registering ships under the Panamanian flag.

Through a resolution published in the Official Gazette, the Merchant Marine Department of the Panama Maritime Authority (AMP) was authorized to grant discounts, additional to those contained in the legislation, for those who register ships under the Panamanian flag.

The measure aims to [...]

“Monopolistic practice of MEC affects image of an open market in Panama”

dique seco de Balboa

The case for the ship’s chandlers

Ship suppliers (ship’s chandlers) have made accusations of monopolistic practices and conflict of interest against MEC Shipyards, operator of the Balboa drydock.

MEC Shipyards won the concession to operate the Balboa drydock in January, 2013, under the past administration of Ricardo Martinelli, when the Panama Maritime Authority (AMP) was administered by Roberto Linares.

The concessionaire won the right to manage and operate the Balboa complex in a process saturated [...]

Urgent action needed to correct deficiencies in ship registration

Panamá tiene la marina mercante más grande del mundo

Consultant makes recommendations

By Franklin Castrellón

The Panama Maritime Authority (AMP) should make a radical change to the administration of the Panamanian ship registry to improve the quality of its fleet – particularly in new buildings – and improve its competitiveness, after fifteen years of decline, revealed to The Bulletin an international consultant.

According to Lloyd’s Register of Shipping, up until June 2013, Panama ranked as first registry of the world merchant fleet with 8,221 [...]

Panama presents plans to the IMO

Panama made a payment of 2.7 million GBP ($4,553,386), corresponding to its annual financial contribution to the International Maritime Organization (IMO) for the current year, reaffirming the Panamanian administration’s commitment and its support to all the activities developed by this lead agency regarding maritime policies worldwide.

This event took place during the visit to London by the AMP’s Deputy Administrator, Alejandro Agustín Moreno and the Merchant Marine’s Director General, Fernando Solórzano.

As part of its [...]