The first eight projects approved in the Special Development Zone of Mariel (ZEDM) were presented at FIHAV 2015, the main trade show of Cuba, which held its XXXIII edition with exhibitors from over 70 countries.
Wendy Miranda, director of the Coordination of Procedures of the ZEDM, told reporters that the group of selected projects are one hundred percent of foreign capital.
The other three are the Cuban-Brazilian joint venture for production of cigarettes BRASCUBA, the [...]
In the first eight months of the year 1.3% more TEUs were handled in the Panama port system than in the same period of 2012, the year considered historically the best in the port system.
Up until last August, according to statistics from the Panama Maritime Authority (AMP) the National Port System moved 4,687,376 TEUs, i.e., 4.9% more than in the same period of 2014.
“In this period 1.3% more TEUs have been moved than [...]
Peru has become a major transshipment center in recent years and is estimated to expand with greater demand for professionals dedicated to this sector when the Panama Canal expansion is completed.
The demand will increase next year when the Panama Canal expansion project begins operation, a monumental work that will allow the transit of ships nearly three times larger than those currently passing through, said Eduardo Lugo, Dean of the Faculty of Logistics, Maritime and [...]
While the Panama Canal expansion has led ports in close proximity to prepare to compete, a similar scenario is taking place in South East Asia.
Indonesia Port Corporations (IPC) or PT Pelabuhan Indonesia (Pelindo), Indonesia’s state-owned port operator is to build 22 ports in the country in the next five years for an anticipated cost of around $3.5 billion.
This is in order to support the Indonesian government’s plan to turn Indonesia into a maritime [...]
Looking towards the Panama Canal expansion, the Executive Director of the Port of Caucedo, Dominican Republic, Morten Johansen, explained new projects currently being implemented at the maritime terminal.
These include port dredging from its current 13.5 meters to 15 meters deep, with an investment of more than $30 million.
This major project will be completed by mid-November this year, preparing the Caucedo port for the expansion of the Panama Canal in 2016.
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