Bi-Lingual Newspaper which focuses on Logistic News and Information for Panama and Around the Globe
Mediterranean Shipping Co (MSC) is selling a 35% stake in its ports division for just over $1.9 billion.
Global Infrastructure Partners (GIP) and a group of co-investors have agreed to buy a minority holding in Terminal Investments (TIL), which has interests in 30 container terminals worldwide.
Alistair Baillie, who helped develop P&O Ports into a major terminal operator and is now with GIP, will be joining TIL as president.
Two years ago the British shipping [...]
The administrator of the Panama Canal, Jorge Luis Quijano, downplayed and denied that the world’s largest shipping company, Maersk Line, has left the country because of the high toll cost for transiting the waterway.
Quijano warned that these rumors have a negative impact because they are showing that there is disagreement on the part of companies using the canal, which may have serious consequences in the coming months.
Forecasts indicate that about [...]
For decades the same litany has been repeated: Callao is the port hub in the region and this will entail its development.
This first port of Peru moves 90.5% of domestic cargo, and investments have been committed for over $1,000 million between its north and south piers.
An urgent task is that of DP World in the South Wharf. The company must build a third berth, but this expansion, which needs an investment of $200 [...]
Binnacle Osiel Cruz
The main route generating revenue for the Panama Canal is China-East Coast United States. In this market the enlarged waterway faces two threats.
These are, firstly, the route through the Suez Canal, only 4% longer than the Panamanian alternative. The shipping company Maersk Line, the largest container carrier in the world, recently announced that on April 7 the last of its ships that cover the route Asia-East Coast US would cross the [...]
Armasur managers and merchant mariners of the X Region of Chile are on the warpath against the project sent by the Government to Parliament on the opening of trade to coastal vessels from other countries.
Manuel Bagnara, Armasur CEO, indicated that while the project is in Congress, Armasur is preparing its position to be presented to the parliament.
Bagnara explained that instead of opening cabotage (navigation by vessels between the coastal ports of one nation) [...]
In the first two months of the year Lazaro Cardenas ranks as Mexico’s leader in total commercial cargo movement.
With a total of 4,734,056 tons, the Pacific port grew 17% over the first two months of 2012, and with this increase reaffirms its position as the country’s number one port for the transit of goods and of having a competitive advantage in world class infrastructure.
According to the figures, Lázaro Cárdenas handles 27% of all [...]
Drewry’s latest “LNG Insight” report on the LNG market shows a fall of demand in major importing regions during February and availability of LNG tankers is also very weak.
Regarding the availability of cargo, some unforeseen situations caused a decline of 4% in the rate of LNG cargo.
The business of shipping LNG enjoyed a dream period between 2011 and 2012, largely due to increased demand and an almost stagnant fleet in terms of number [...]
During his recent visit to Chile, Prince Frederik of Denmark presented the Diploma of the Danish Export Association and the Medal of Honor “Prince Henrik” to the CEO of Maersk Container Industry San Antonio (MCIS), Francis McCawley.
It is in recognition of his outstanding efforts in promoting Danish products and services in Chile.
“Francis McCawley has been an outstanding member of the Maersk Group with more than 20 years of service in Chile and his [...]
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