New administrator takes over Panama Maritime Authority

Roberto Linares resigns

Lawyer Jorge Barakat has taken over the administration of the Panama Maritime Authority (AMP) after the resignation of Roberto Linares.

The president of Panama, Juan Carlos Varela, said on Friday, July 4, that he was designating Jorge Barakat as AMP administrator with Alejandro Moreno as Deputy Administrator of the entity.

The administrator of the AMP is considered a minister without portfolio for the purpose of participation and assistance to the Cabinet, under [...]

Two conferences about corrosion in Panama

Dos congresos sobre corrosión en Panamá

From August 13 to 16, 2014, at the City of Knowledge Convention Center and in the Claudia Marcela Rueda auditorium of the Metropolitan University of Science and Technology (UMECIT) in Panama City.

The Pan-American Institute of Naval, Maritime and Port Engineers (IPIN America) and the Metropolitan University of Education, Science and Technology of Panama (UMECIT), in collaboration with the Panamanian Chapter of the American Corrosion Society (NACE Panama), have announced the II International [...]

APL announces service between US and South American Pacific

APL lanza servicio

A new weekly service of APL will call at Valparaiso, Callao, Buenaventura, Balboa, Manzanillo, Jacksonville, New York and Charleston.

The head of APL Latin America Services, Efrain Osorio, said that “…this new service will provide a fast connection to the U.S. market for reefers and dry goods traffic, with modern equipment and priority for handling refrigerated cargo.”

The new service called Andes Express (AES), is provided by APL (American President Line) together with Mitsui [...]

Expanded Canal can serve 98% of containership fleet

Los Triple-E son uno de los barcos más grandes del mundo

The Panama Canal expansion will cater to 98% of the estimated fleet of container ships for the next four years (until 2018), the administrator of the Panama Canal Authority (ACP), Jorge L. Quijano, told The Bulletin, responding to questions by this newspaper on limits of the third set of locks to accommodate the new generation of Triple-E container ships of Maersk Line.

With a length of 400 meters, 59 meters wide (beam), 73 meters high [...]

RSM poaches Moore Stephens firm in Panama

RSM International is celebrating a coup in Panama which sees it welcoming Moore Stephen’s local practice – the sixth largest accounting and consulting firm in the country – as the latest member of its network.

The move will give RSM a firm footing at long last in Panama, a country which it regards as key in geographic and economic terms.

Until now, it has only had a correspondent firm, De Levante Y Asociados, there.

The [...]

Brazilian company to build hydroelectric plant

A unit of Brazilian conglomerate Odebrecht has won a concession to design, build, maintain and operate a 213 MW hydroelectric power station in Panama, company sources told.

State-owned utility Egesa awarded the project to Odebrecht Energy Luxembourg, which submitted a bid of $1.05 billion.

The Panamanian government was seeking a “strategic partner” for the construction of the Chan II hydroelectric plant.

Odebrecht Energy Luxembourg will hold a 77 percent stake in the project and the [...]

¿What is the better offer Panama or Nicaragua?

The Bulletin is reproducing the complete article about Maersk supporting the Nicaragua Canal that was published in ShippingWatch, the independent digital newspaper. This major shipping company appears to favor the Nicaraguan waterway over the Panama Canal.

Maersk Line supports the Nicaragua Canal

By: Tomas Kristiansen

Maersk Line now steps onto the field with support for the Nicaragua Canal, a project that has till now been surrounded by distrust from the outside [...]