Shipping

Ferry will travel between Panama and Colombia

Ferry abre puente entre Panamá y Colombia

A new ferry service between Cartagena, Colombia, and Colón 2000 in Panamá, will start operations from October 24. The ship that will cover this route is the “Adriatico,” that was remodeled in 2005 and has a capacity for 1,000 passengers, a crew of 300 and can carry 500 automobiles.

The “Adriatico” will travel to two destinations – Cartagena, on Monday and Wednesday, and Isla Cólon in Bocas del Toro, on Friday.

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Urgent action needed to correct deficiencies in ship registration

Panamá tiene la marina mercante más grande del mundo

Consultant makes recommendations

By Franklin Castrellón

The Panama Maritime Authority (AMP) should make a radical change to the administration of the Panamanian ship registry to improve the quality of its fleet – particularly in new buildings – and improve its competitiveness, after fifteen years of decline, revealed to The Bulletin an international consultant.

According to Lloyd’s Register of Shipping, up until June 2013, Panama ranked as first registry of the world merchant fleet with 8,221 [...]

Maersk says it is ready to use expanded Canal

Maersk ha utilizado el Canal desde 1917

Maersk Line, one of the leading shipping companies in the world “is ready” to use the expanded Panama Canal and is waiting to “see the proposed Nicaragua canal built,” to consider it within their routes, said a senior executive of the Danish firm.

Maersk, which moves about 15% of world trade, believes that the Panama Canal expansion, scheduled for completion in 2015, is “on time” because the one year delay in [...]

Egypt plans to dig new Suez Canal

Egypt has said that it plans to build a new Suez Canal alongside the existing 145-year-old historic waterway in a multi-billion dollar project to expand trade along the fastest shipping route between Europe and Asia.

The project, to be run by the army, is a major step by new President Abdel Fattah al-Sisi to stimulate Egypt’s struggling economy and it recalls some of the grand national programs of one of Sisi’s predecessors, army strongman Gamal [...]

Government and private sector agree to join forces

Cámara Marítima de Panamá

Driving logistics development

The conditions seem to be ripe, after years of unsuccessful efforts by public and private sectors, to combine efforts and meet the objectives of the National Maritime Strategy, particularly those that could turn Panama into the logistics platform of the Americas.

The two most representative business organizations in the maritime and logistics industry – the Panama Chamber of Shipping (CMP) and the Logistics Business Council (COEL) – agree on the need [...]

Arsenio Dominguez appointed Panama’s permanent representative before IMO

Ing. Arsenio A. Domínguez

Engineer Arsenio Dominguez has been appointed as Panama’s new permanent representative before the International Maritime Organization (IMO) by President Juan Carlos Varela.

Dominguez’s designation is part of the government’s strategy, which seeks to maintain Panama as the leader country in ship registration. Panama is a registry with an efficient and transparent service, meeting the demands and needs of the international maritime market, and is always in compliance with the international conventions governing maritime activities.

In 1995, Mr. Domínguez earned a [...]

Expanded canal will maximize benefits to the maritime industry

Cien años al servicio del comercio mundial

One hundred years serving world trade

By Franklin Castrellón

As we celebrate its hundred years of operation on August 15, 2014, the Panama Canal is preparing to play an increasing role in the development of this country as a logistics and trade hub, provided that the government takes the lead in integrating the efforts of the public and private sectors towards the great goal of the Maritime Strategy.

According to the administrator of the [...]