California ports to compete with the Panama Canal

Long Beach is installing more infrastructures to move containers from China.

“We are preparing for increasingly larger ships,” says Jon Slangerup, CEO of the Port of Long Beach, California. “The ships will be wider, deeper, and more containers will have to be unloaded from them faster.

“This is about future security, and the port is spending nearly $5,000 million in infrastructure investments in a 10-year plan because I literally do not know how much more [...]

PPC announces investment program in Balboa

Panama Ports Company (PPC), which operates the ports of Balboa and Cristobal, plans to invest over $100 million in 2015, said the chief executive of the company, Aitor Ibarreche.

PPC is a joint venture in which the Panamanian government holds a 10% stake and it operates in Panama since 1997 when the tender for the operation and administration of the two port terminals was awarded. In recent years, Balboa has handled more than 2 million [...]

Panama Canal and Port Everglades discuss long-standing relationship

The Panama Canal Authority (ACP) recently received a delegation from Port Everglades, Florida to discuss the Canal expansion program and its impact on US East Coast ports.

The ACP and Port Everglades signed a Memorandum of Understanding (MOU) which solidifies both entities’ dedication to growth and best customer practices.

“Our partnership further strengthens our shared goal of promoting trade growth in the region,” said ACP Administrator Jorge Luis Quijano. “We look forward to pursuing even [...]

Ports of Panama move 3.3 million TEUs in three months

Movimiento de carga en puertos panameños aumentó

Panama’s ports moved 3.3 million TEUs (20-foot container equivalents) during the first semester, or a 1.3% growth compared to the same period last year.

On average the Panamanian port system moved 500,000 TEUs per month, according to statistics released by the Panama Maritime Authority (AMP).

The behavior of the growth in cargo movement was expected by port operators, said the president of the Panama Chamber of Shipping, Juan Carlos Croston.

The delay of the Canal [...]

“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 [...]

ACP analyzes building port in Corozal

The Panama Canal Authority (ACP) is considering building a new port under administrative concession at Corozal, in the area of Balboa.

If the board of the ACP approves the project, it is estimated that the tender process could be held in October.

Jorge Luis Quijano, Administrator of the ACP, said in an article on Prensa.com that “it would be a full concession, where the holder would make the investment, or it would be a concession [...]

Port of Mariel attracts big shipping lines

Melfi es otra de las grandes navieras que está mandando sus barcos a Mariel

As of June 13 this year, Melfi Marine vessels will begin to call at the new port of Mariel, Cuba, rather than at Havana.

The port of Havana will no longer be working container ships, but other types of vessels and eventually will become a tourist port.

The presidents of Cuba and Brazil, Raul Castro and Dilma Rousseff, along with other leaders of the region, opened the container terminal at the Port of Mariel in [...]