Panama Ports Company (PPC) recently completed a collective bargaining agreement with its employees, who are 99.9% Panamanians, which it says is an unprecedented wage increase agreement to nearly 4,000 employees, “positioning them as the highest paid in the port industry.”
“The labor agreement, which entered into force in 2015, includes not only the equalization of wages for employees with the same functions, but also productivity bonuses for all employees who show a responsible, attentive and [...]
The Corozal model will be a “green port” whose total investment is estimated at $1 billion
In October 2013, the manager of Panama Canal Railway Co., Thomas Kenna, warned in The Bulletin that if a new port on the Pacific (Corozal) is not built soon, the Canal will be expanded “to serve countries in the region competing with Panama.”
That warning today acquired more significance during the XII Panama Maritime Conference and Exhibition and CADE [...]
Twenty years of successful operations at MIT
On April 6, 1995 the container vessel, “M/V Monterosa,” docked at the incipient Manzanillo International Terminal (MIT) of Colon, inaugurating what is known today – twenty years later – as a model of port privatization in Latin America.
This was recognized by the then executive of the United Nations Conference on Trade and Development (UNCTAD), Jan Hoffman, in his book “The Latin American Ports: Results and Determinants of [...]
Petroamerica Terminal SA (PATSA), operator of Puerto Vasco Nuñez de Balboa in Rodman (Arraiján) has installed a floating dock to meet with efficiency and safety, the needs of the Panamanian maritime industry in the Pacific sector of the Republic of Panama and ships transiting the Panama Canal.
Among the services provided is the flexible rental of space of 20m2 which allows the storage of goods, offered for short or long duration. It also provides [...]
State will help improve port connectivity
The Port of Singapore Authority (PSA) is to expand the terminal operated by its subsidiary, PSA Panama International Terminal, in the former Rodman Naval Base, to increase its current capacity of 450,000 containers (TEUs) per year to a minimum of 1,850,000 TEUs annually.
The terminal will also have the capacity to handle bulk cargo and vehicles (ro-ro). The work will cost $350 million.
According to Drewry Maritime Research, PSA [...]