The 15th version of the annual forum for container transport in the region, TOC Americas returns to Panama from October 3 to 15, at a crucial moment when the expansion of the Panama Canal – costing $5,200 million – is approaching. Beginning next April, container ships up to 13,000 TEUs can navigate the canal, increasing by more than double, the current capacity of ships of 5,000 TEUs.
It is expected that the opening of this [...]
The first international conference of maritime anti-piracy in Panama seeks to do an analysis about the main areas that are affected by the maritime piracy. The event will be held on Thursday, September 24, 2015 at the Sortis Hotel, Colibrí salon at 08:00 a.m. expecting the participation of various local, regional and international delegates in representation of diverse entities and recognized organizations like shipping agencies, insurance, law firms, marinas, port operators, shipowners and others. Moreover [...]
The growing supply of container industry capacity due to construction of larger ships is not only causing a decline in freight rates, but another shortage: a o lackf crew.
By 2019 the industry will need 42,500 additional officers to handle the expected growth of 7% projected over the next five years, says the Manning Section of the forecaster, Drewry.
The current supply is around 615,000 officers and there is a nominal shortage of about 15,000, [...]
The Danish shipping company Maersk Line announced the signing of a contract worth $1,100 million with Hyundai Heavy Industries (HHI) for building nine vessels with a capacity of 14,000 TEUs each.
This is the third purchase of an investment program of $15,000 million announced by Maersk Line in 2014, which includes new container vessels, and retrofitting, among other work.
“I am very pleased with this new order, where we decided to adopt a new approach. [...]
“The actors should prepare themselves”
Juan C. Croston.
Warning that other countries are prepared to dispute the leadership of Panama as a regional cargo transshipment and logistics hub, the Vice President of Marketing at Manzanillo International Terminal (MIT), Juan Carlos Croston, said he was “quite positive” about the long term potential that will open to Panama when the expanded canal starts operating in the second quarter of 2016.
Among the ports that are ready to [...]