Mega alliance shakes the shipping industry

CMA CGM otro de los integrantes de la alianza

After passing the test of U.S. regulators, a major shipping alliance is poised to shake up the global container business by reducing the costs of the world’s largest operators, while putting pressure on smaller companies.

Danish A.P. Moeller-Maersk’s Maersk Line, CMA-CGM, of France, and the Swiss company, Mediterranean Shipping Co., the world’s three largest container carriers by capacity, won approval from the U.S. Federal Maritime Commission for their P3 alliance.

Chinese and European regulators must [...]

U.S. trade mission to visit Panama City

US businessmen involved in security and surveillance equipment will visit Panama from September 22 to 26 to explore business opportunities with local firms.

The Commerce Department of the United States has organized this trade mission to Panama and Colombia for companies in the security sector.

Cargo arrival down by 40% in Venezuela

Puerto de La Guaira

Restraints on the sale of foreign currency are the reason for slow seaport operations in Venezuela. The activity has plunged 80% said Customs agencies.

Restrictions on the sale of foreign currency by the Venezuelan authorities have translated into a slowdown in the arrival of cargo, and a lower supply of goods in the domestic market.

Based on the estimates issued by importers and Customs agents at Puerto Cabello, imports in January-February 2014 plummeted by around [...]

Corozal port project attracts more interest

El proyecto del Puerto de Corozal está suspendido por el momento

The Panama Canal expansion has highlighted the need to build new ports in the country, especially on the Pacific.

An initiative was put forward by the Panama Canal Authority (ACP) to create a new terminal in the Corozal area, on land that belongs to it.

Results of the preliminary study to construct this port have been positive, but the matter was put on stand-by until the works of the third set of locks are concluded.

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Nicaraguan canal studies questioned

Lago Nicaragua

The Nicaraguan canal environmental impact analysis being made by a British group hired by the Chinese company responsible for the project, has been questioned by Nicaraguan presidential adviser for environmental issues, Jaime Incer. He questioned the results of environmental impact studies conducted by the British firm Environmental Resources Management (ERM) on the Nicaragua canal project.

“The major flaw is that, although the company is very reputed, the only fact that it is contracted by the [...]

Air Canada first to leave Venezuela

Not only are Colón Free Zone merchants suffering from debts unpaid by Venezuela, but airlines are claiming a debt of $3,300 million from that government.

The first airline to disappear from Venezuelan skies was Air Canada, which argued that it could not guarantee the operation due to social conflicts and demonstrations in the South American country.

President Nicolas Maduro made good his threat to take action against airlines that canceled flights to and from Venezuela [...]

600 exhibitors at Expocomer

Expocomer, the most important trade fair of Panama and the region, returns to the Atlapa Convention Center from Wednesday, March 26 through Saturday, March 29. It is expected that more than 600 manufacturers from over 35 countries will take part.

The fair is the ideal place for companies to showcase their products and services to local and regional markets, introduce new products to market, evaluate competitors and use the Colon Free Zone as a bridge [...]