It is said that sometimes people who live in a forest fail to see the trees.
This seems to have happened to all of us in Panama, where we lament traffic jams but wait in the hope of light rail (Panama Metro) and more highway lanes to solve the problems somewhere in the dim and distant future.
Meanwhile, while viewing the traffic chaos from TV “skycams” we all fail to note alongside the clogged highways […]
Recently the Panama Canal welcomed the largest capacity vessel to-date to transit the Expanded Locks—Hapag-Lloyd’s Valparaiso Express. The 10,589 TEU Neo-panamax containership was specifically built to take advantage of the greater capacity offered by the Expanded Panama Canal.
This passage ushers in a new era of mega-ships that have been able to transit the expanded Canal since its inauguration on June 26 of this year. The new locks, which are 70 feet wider and 18 […]
The president of the Panama Chamber of Shipping, Rommel Troetsch, estimated that the cargo movement of the national port system will close in 2016 with a drop of 10%. And, according to his forecasts for 2017, he does not expect any improvement.
“No growth is expected for 2017 compared to current movement of cargo, although we must wait until April to observe the cargo movement when the shipping transport contracts between major exporters and shipping […]
A report by KPMG, commissioned by the Department for Transport, recommends that the Ship Register become a “govco”, a privately held state-owned company that is subject to government oversight but has more commercial freedoms, including over employment terms.
Britain used to have the biggest merchant fleet in the world, but the number of UK registered vessels has declined sharply since the 1970s, even though London remains the legal and financial hub for the global shipping […]
Maersk Line, the world’s largest shipping company, will buy its smaller rival Hamburg Süd, which has a strong presence in Latin America, as part of its plans to strengthen its global operations.
The agreement, announced by the A.P. Moller-Maersk, is the group’s first total acquisition in more than a decade and highlights a consolidation drive in container shipping, which has faced low prices for freight and oversupply
Hamburg Süd, the seventh largest container shipping line […]
“There are too many new ships for an increasingly scarce cargo. Shipping companies operate with larger ships to make savings without generating enough cargo to fill them,” said the journalist, Carlos Miguélez Monroy, in an opinion article published in a Spanish newspaper. This imbalance in the increase could lead to a collapse in prices and jeopardizes the sustainability of maritime freight transport, on which 80% of world trade depends.
The volume of this trade has […]