Shipping

Panama takes Argentina to the WTO

Jun 10th, 2013
by Rainier.
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Kirchner broke WTO rules by discriminating against imports of goods and services

Panama has filed suit against Argentina before the World Trade Organization (WTO), claiming that the government of Cristina Kirchner broke WTO rules by discriminating against imports of goods and services.

The discrimination, according to the Panamanian government, affects taxes, exchange rates, business registration, and repatriation of profits and activities of financial service providers.

Panama’s complaint is the eighth involving Argentina since May, the [...]

Maersk announces rate increases

Jun 10th, 2013
by Rainier.
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On majority of its routes

By Dennis Smith

Shipping goods to and from the US to Panama and beyond has just become more expensive.

Maersk Line has officially released new rates that will apply to several of its trade routes.

A General Rate Increase (GRI) for dry cargo moving from the Middle East, India and Pakistan to the United States and Canada is now in effect. The increase will be $300 for 20-foot containers, $400 [...]

Panama Logistics Hub will be key to Pacific Alliance

Jun 10th, 2013
by Rainier.
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The Canal and the international ports will benefit

To the extent that the Pacific Alliance (AP) consolidates and boosts regional trade and that with other continents, the Panama Canal and the international ports will benefit, the vice president of the Office of Research and Market Analysis of the Panama Canal Authority (ACP), Rodolfo Sabonge, told The Bulletin.

The Pacific Alliance was born in October 2010 when the then President of Peru, Alan Garcia, invited his [...]

Crowley begins LCL shipping services in Latin America

Jun 10th, 2013
by Rainier.
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For efficiency control it will keep operations “close to home” by using its own ships

By Dennis Smith

The US shipping company Crowley Maritime Corp. has increased its service offerings for the Caribbean and Central America.

Crowley’s Caribbean logistics group has announced that the company is now offering regular, weekly “less-than-container load (LCL) services”.

The new LCL service uses the following port rotation as freight moves to and back on Fridays.

San Juan, Puerto Rico [...]

Hamburg Süd get to the top of transshipments in Argentine ports

Jun 9th, 2013
by Rainier.
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The reason for this achievement is based on the aggressive commercial policy

The German Hamburg Süd Group (HSG) regained the position at the top of the podium and ended six years of supremacy by Mediterranean Shipping (MSC) in the volume of Argentine transshipment cargo.

In 2011 it was placed in the third position, but a year later HSG not only exceeded MSC but also Maersk.

With 219,700 TEUs handled, it reacheed a 17.5% market [...]

Movement in Manzanillo up by 12%

Jun 9th, 2013
by Rainier.
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In the first four months of the year, the Mexican port of Manzanillo has had significant increases in freight movement, accumulating a positive rise of 12% in total tons handled, compared to the same period last year.

In the first quarter 9,391,000 tons were moved, compared to 8,404,000 tons in the same period of 2012, highlighting significant increases of 76% in bulk minerals and 18% in general loose cargo.

The increase in mineral bulk operations [...]

MOL confirms trust in Panamanian labor

Jun 8th, 2013
by Rainier.
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The Japanese shipping company Mitsui O.S.K. Lines (MOL) and the Panama International Maritime University (UMIP) renewed a memorandum of understanding that will allow Panamanian cadets to embark on one of the company´s ships for their sea time.

This is required under regulations set by the International Maritime Organization.

The agreement was signed at the Simulation and Applied Technologies Center of the UMIP (Building 911), and gives each cadet the opportunity to work on board a [...]

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