Industry and government officials have been discussing the opening of new shipping ports in Panama. Potential sites include Corozal and Aguadulce on the Pacific side, and Margarita on the Atlantic. The ongoing development of expanding the Canal to accommodate Post Panamax ships has contributed in great part to the economic boom enjoyed in Panama over the past five years. The proposed ports may add further growth to the nation’s economy with increased shipping volume and [...]
The work stoppage at Manzanillo International Terminal (MIT) has ended, according to Reynaldo Medina Londoño, Director of Labor at the Ministry of Labor. The workers were fighting over their days off, causing the partial closure of that port for almost eight days. The discord started on November 13 and finally, on November 20 management and union sat down to discuss a possible solution.
Medina Londoño said that the workers presented a list of alleged violations [...]
Fears among Venezuelan importers have led some to order shipping lines to send their products, which were originally meant for Venezuela, to other destinations.
The information was confirmed by several representatives of logistics companies. “We are receiving many requests for reassignment from some importers,” said a senior executive of one of the shipping companies that regularly serves Venezuela.
He explained that the importer, knowing each shipping route, gives orders to the carrier to unload at [...]
The acting Minister of Commerce and Industry of Panama, Luis Eduardo Camacho, highlighted the work done by the Secretariat of Central American Integration (SICA) in various forums and seminars to disclose the Association Agreement between the European Union and Central America.
During one of these activities, the acting minister said that the Association Agreement with the European Union sets an important precedent, being the first agreement region-region and is an example of the kind of [...]
The Minister of Commerce and Industry of Panama, Ricardo Quijano, and the acting Minister of Economy of Taiwan, Francis Kuo-Hsin Liang, held a meeting where both sides exchanged business experiences through free trade agreements.
It was mentioned at the meeting, Panama’s interest to be part of the Pacific Alliance, which provides an opportunity for the logistics sector in the Latin American country, said Quijano.
The Minister of Commerce stressed the importance of Panama in global [...]
In the first months of 2013 the Panamanian port system continued to show negative numbers compared to the same period last year, and the only improvement was in the fourth quarter, but the outlook does not look favorable for the port conglomerate.
The decrease up until the third quarter of 2013 was to the order of 5% compared to the same period of the previous year, accounting for 4,951,594 TEUs. Only in 2009, when the [...]