A press release from the Ministry of Public Security of Panama has announced that “Panama could give Peru an area under concession on a government-to-government mechanism for the development of a shipbuilding industry.”
The statement was made by the Minister of Public Security, Jose Raul Mulino, during his visit in Peru with the Defense Minister, Pedro Cateriano.
The Minister said at the Army Headquarters in San Borja, that Panama would be interested in evaluating an [...]
The conflict over the construction overruns of the third set of locks on the Panama Canal maintains uncertainty in international markets, which are now making calculations to determine their losses if the expansion is not completed in the planned time.
The study “Panama Canal Expansion, the National Development and International Trade”, published in November 2013 by the US Department of Transportation and the US Maritime Administration, states that the trade route that will be most [...]
The crisis in Venezuela is not only affecting the movement of containers in the Panamanian port system, but also the air cargo industry, according to industry spokesmen.
The statistics of the Panama Maritime Authority (AMP) confirmed what had already been reflected in recent months by the Panamanian port system – a fall of 4.3% compared with 2012 and -1% in relation to 2011, indicating that the movements are marching backwards.
The three Atlantic ports are [...]
Evergreen Line has again begun selecting cadets of the School of Marine Sciences at the Panama International Maritime University (UMIP), who choose to embark on ships of this prestigious company to meet the requirement of professional practice.
Cadets undergo the rigors and high standards of assessment and selection in tests of the Evergreen Group, seeking to highlight key aspects of each individual and their values, cognitive abilities, reaction etc.
Cadets who are selected embark for [...]
Container shipping lines have agreed to raise rates for containers on the Asia-US route in two stages, the first being $300 per 40-foot container (FEU) from March 15.
The second increase will take place from May 1, although the amount has not yet been determined.
According to the Transpacific Stabilization Agreement (TSA) the increase is an effort to stem losses in the sector during 2013 after freight rates plummeted as a result of excess capacity [...]
By: Ilene Little
Boats have their own history starting with the era in which a boat is built and continuing with the voyages of captains and crew. From each perspective, there is a story to tell. SV Rewa is a 65 foot steel cutter-ketch built in 1968 by Abeking and Rasmussen. A Sparkman Stevens design, she started life with a quality pedigree and in 2002 had a major refit to the tune of a couple [...]