Shipping

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 [...]

Corruption complaint lodged against former AMP manager

Roberto Linares

Por Franklin Castrellón

The former administrator of the Panama Maritime Authority (AMP), Roberto Linares, must explain to the Attorney General’s Office the reasons that prompted him to grant exclusivity to issue certificates to officers and seamen of the Panamanian ship registration and validate those of third countries.

When making the complaint on July 16 against Linares and those who participated in the exclusive grant last July 16 alleging “scam and fraud”, the Panamanian [...]

CMA-CGM to build 28 container ships

Construyen 28 barcos para naviera CMA-CGM

French shipping company CMA-CGM has announced construction of the first of a series of 28 container vessels for the Asian coast that have a capacity of 9,400 to 10,900 containers.

CMA-CGM said that this type of ship is the first built by the Chinese company DSIC (Dalian PRC) and are 300 meters long and 48 meters wide, a design to maximize load capacity, but with the latest technology.

The French shipping company reported that 28 [...]

ACP analyzes building port in Corozal

The Panama Canal Authority (ACP) is considering building a new port under administrative concession at Corozal, in the area of Balboa.

If the board of the ACP approves the project, it is estimated that the tender process could be held in October.

Jorge Luis Quijano, Administrator of the ACP, said in an article on Prensa.com that “it would be a full concession, where the holder would make the investment, or it would be a concession [...]