Shipping

Panama a center of Traffic and Transshipment

The Port of Mariel is a competitor of Panama.

By Argelis Solís, student of Master in Maritime Business of the Panama International Maritime University.

Going back a little to history we can say that Panama was always a country of traffic and transshipment of merchandise. Reflecting this point we can say that on December 31, 1999 the Panama Canal was transferred to Panamanian hands, being the Authority of the Canal de Panama (ACP) the administrator of this interoceanic route considered for […]

Shipping industry ask the ACP for an extension on tariffs implementation

Shipping industry ask the ACP for an extension on tariffs implementation

The global shipping industry asked for 12 months notice before the new Panama Canal tolls are implemented. The request happened during the consultation meeting between the Panama Canal Authority and the shipowners.

The proposed new toll charges, that will affect all segments of the industry, are anticipated to enter into effect on 1 January 2020, the same day as the IMO ‘Global Sulphur Cap’ regulation.

However, […]

Impact of rapid decarbonization on the shipping industry

The shipping industry faces many challenges.

The increasing speed of decarbonization in the maritime transport industry, mainly driven by the trend that promotes clean fuels and the reduction of the carbon footprint, is generating a pronounced impact in the short and medium terms on the different types of cargo transported.

The report on decarbonization in shipping “Carbon Carriers: The Impact of Rapid Decarbonization on the Shipping Industry”, by Maritime Strategies International (MSI) presents these […]

Panama’s first floating dock now operating

The floating dock.

The first floating dry dock in Panama is already available and strategically located near the Panama Canal. Operators of coastal vessels, tugs, supply boats and similar craft, up to 200 feet in length, no longer have to take boats outside of Panama waters for preventive and corrective maintenance and repair.

The floating dock has been brought to Panama by Mr. Luis Cardenas, in charge of the Group Central […]

IMO: “Sustainable maritime transport for a sustainable planet”

The IMO is safeguarding the environment.

The International Maritime Organization (IMO) Council, during its 122nd session at the IMO headquarters in London, endorsed the theme proposed by the IMO Secretary General, Kitack Lim.

“I believe that this motto will provide flexibility to the Secretariat and to the Member States by highlighting the innumerable issues and challenges that the 2030 Agenda for Sustainable Development entails.

“At the same time, it will provide excellent […]

Panama Ship Registry condemns illegal acts

The Panama Maritime Authority (AMP), through the Merchant Marine Department (DGMM), aware of the delicate situation of ships sailing in the Strait of Hormuz, expressed support for the statements by the Secretary General of the International Maritime Organization (IMO), Kitack Lim, on this subject.

The statement was made during the 101st session of the Maritime Safety Committee (MSC) at the headquarters of this agency in London.

Panama withdraws flag from more ships

Panama is withdrawing its flag from more vessels that violate sanctions and international legislation, the Panama Maritime Authority told the news agency Reuters.

This follows the removal of about 60 ships from the registry in recent months that are linked to Iran and Syria.

After the re-imposition of sanctions on Iran by Washington in 2018, Panama’s former president Juan Carlos Varela gave the green light […]