Ports

Judges give green light to Corozal

Panama’s Supreme Court has thrown out a motion put forward by Panama Ports Company (PPC) that the tender for the Port of Corozal infringes guarantees set out in the country’s constitution.

The decision, which was taken by nine judges, clears the way for the Panama Canal Authority (ACP) to continue with its tender for the construction of what will be a new container port with a 5.3m teus capacity.

Corozal port forms part of the […]

Liverpool port eyes transatlantic expansion

Puerto de Liverpool pone sus ojos en expansión trasatlántica

A report of the British news agency, Reuters, said that the United Kingdom is looking towards the expanded Panama Canal as Liverpool’s new container terminal expects to ramp up transatlantic shipping and British companies look to deepen business ties despite concerns that the U.S. election of Donald Trump could hinder free trade, the port operator’s chief said.

Private group, Peel Ports, has invested 400 million pounds ($510 million) in transforming Liverpool’s existing facility into a […]

Shipping industry supports Corozal

Ubicación planeada para el Puerto de Corozal

By Franklin Castrellón

“The arguments against the development of the Port of Corozal by the Panama Canal Authority (ACP) that Panama Ports Co. (PPC), the company that operates the ports of Balboa and Cristobal, lawyers and citizens who identify themselves as “residents” of the Diablo, have brandished, do not have enough valid arguments before the reality that the terminal is an essential piece in the transformation of Panama into a regional logistics hub and the […]

Barcelona, gate to Europe and the Mediterranean

Puerto de Barcelona.

The Port of Barcelona will lead a commercial mission to Panama between November 19 and 22, with more than 60 entrepreneurs from the logistics sector (freight forwarders, consignees, ship owners, logistics and port operators) as well as importers and exporters.

Barcelona is the main Euro-Mediterranean logistics hub and offers Panamanian businessmen excellent location, connectivity and complete transport and distribution services.

The mission, organized with the help of “Consejo General de Cámaras de Cataluña y Fomento […]

Port of Corozal will create 2000 direct jobs

Puerto de Corozal.

The development of a container port in the area of Corozal West, on the east bank of the Panama Canal’s Pacific entrance, will give an injection of over $1.3 billion to the economy and will create around 2,100 direct jobs during its construction.

The Panama Canal Planification and Commercial Development vice-president, Oscar Bazán, explained that the Port of Corozal is in the tendering stage and will strengthen the competitive advantage of the route through Panama […]

ACP Board authorizes go-ahead for Port of Corozal

The Board of Directors of the Panama Canal Authority (ACP) approved the statement of requirements and authorized management to continue with the approval process prior to calling the tender for the concession of the port of Corozal with the shortlisted companies.

The ACP announced that the statement of requirements will be published in ten days.

The ACP announced in March this year that four out of seven of the largest port operators in the world […]

Mixed companies paid millions, why not Panama Ports?

Panama Ports, Cristóbal.

By Franklin Castrellón

The ten joint ventures increased their contributions to the State by 36.3% in fiscal year 2015, the director of the Department of Investment, Concessions and Risks (DICRE) of the Ministry of Economy and Finance, Jorge Dawson, told The Bulletin,.

The contributions totaled $163.4 million in 2015 compared to $119.9 million in the previous year.

The greatest contribution in 2015 corresponded to the hydroelectric generating company, Enel Fortuna, with $40.98 million, followed by […]