Ports

Shipyard revival for Panama’s Pacific coast

By Marijulia Pujol Lloyd

The only shipyard at the Pacific entrance of the Panama Canal closed its doors in March 2019. Since then, this important part of the auxiliary shipping industry has closed down and ships which need repair need to go to Colombia or Costa Rica.

A concession to operate and administer the Balboa Shipyard was given to the consortium MEC Shipyards in 2012 by the Ricardo Martinelli […]

MIT Volunteering, A Network

MIT: 23 years serving Panama and the world

MIT: 23 years serving Panama and the world Manzanillo International Terminal (MIT)

Manzanillo International Terminal (MIT) began operations on April 16, 1995, in the Atlantic coast of Panama, since then it has offered efficient port services to shipping lines operating in the Caribbean and Latin America.

In 23 years of operation MIT has been pioneer in innovation and technology. The terminal developed added value areas for containers and rolling equipment to promote the flow of cargo through Panama. MIT was the […]

China Merchants Ports buys port of Paranaguá, Brazil

China Merchants Ports has bought 90% of the Brazilian company TCP Participaçoes, which manages the port of Paranaguá, the second largest in the South American country, located in the State of Paraná (south), EFE reported.

The agreement between the two companies closed for about $935 million, TCP Participaçoes said in a statement to the financial market.

In 2016, China Merchants Ports, as a group, had investments in 28 ports and 188 docks for containers, six […]

AAPA’s Latin American Ports Congress will analyze world transport and commerce

Oscar Bazán de la ACP.

With the opening of the Uruguayan Minister of Transport, Victor Rossi, who will detail his vision of the country’s logistics projection, the American Association of Port Authorities (AAPA) will hold its 16th Latin American Ports Congress from November 6 to 9 in Punta del Este, Uruguay, hosted by the National Ports Administration of that country.

The themes of the Congress are framed in how trade and transport advances in the dilemma of a new world […]

Central American ports must adapt to new shipping demands

Puerto Quetzal.

The shipping world demands port efficiency, due to the need to load and unload large numbers of containers in a short time. The expansion of the Panama Canal has led to the construction of larger vessels with more capacity. However, the economic crisis of 2009 and the fall of freight volumes by half, explained Ricardo Cruz, chairman of the transport and logistics committee of the El Salvador Chamber of Commerce (Camarasal).

At present there are […]

Panama Pacific Cruise Terminal awarded

Una terminal de crucero se construirá en Calzada Amador.

The consortium Cruceros del Pacifico, consisting of the Belgian company Jan De Nul and China Harbour Engineering Company Limited, will build the cruise ship terminal on Perico Island, on the Amador causeway.

The consortium committed to reducing its economic offer to meet the reference price set by the Panama Maritime Authority.

The companies had offered $197 million, exceeding by $31 million the amount set by the entity. Article 23, point 23, of Law 22, which […]