Megaport in Capira

Herman Gnaegui

By Marijulia Pujol Lloyd

The dream of building a port capable of handling post-panamax ships together with a logistic park has been a project of Herman Gnaegui since 2003. He presented a proposal to the press in 2006 and again in 2014. However, the Panama Maritime Authority (AMP) has to date not received any requests to construct a megaport in Capira, located in the newly created province of West Panama.

Gnaegui, a former legislator who [...]

Ports of Panama move five million containers

Panama Ports en Cristóbal que ha movido 553.593 contenedores en los primeros nueve meses de 2014

In the first nine months of the year Panamanian ports have moved 5,046,758 containers, according to statistics from the Panama Maritime Authority (AMP).

The figure shows an increase of 95,164 containers, when compared with the amount moved through ports in the same period of 2013 when container movement reached 4,951,594.

Container movement is led by Panama Ports Company Balboa that had moved to September 2,299,283, followed by Manzanillo International Terminal with 1,550,464.

Third is Panama [...]

The Cerro Ancon completes new fleet of tugboats

The Cerro Ancon

The Cerro Ancon is the last of the 14 tractor tugs of the new fleet that was recently received by the Panama Canal.

These new tugboats will allow the Canal to offer a more efficient service to the global shipping industry and strengthen the waterway’s capacity for the operation of the Third Set of Locks.

The tugboats have been gradually arriving in Panama from Spain since June 2013, built by Astilleros Armon, S.A., a Spanish [...]

Week in Review – Vol. 33 No. 47

National newsbriefs


The Panama Canal Board approved delivering payments to the National Treasury for $1.03 billion for fiscal year 2014, exceeding the $64 million approved in the budget, as the result of effort and capacity of the more than 10,000 Panamanians who operate and manage the interoceanic waterway. “A month after 15 years of administrating the Panama Canal, an amount over $9.6 billion has been delivered directly as contributions to the Treasury by [...]

Cooperation agreement signed between Houston and Colón

El Terminal Barbours Cut del Puerto de Houston

The Manager of the Colón Free Zone, Surse Pierpoint, participated in the ceremonial act of “Signing a Cooperation Agreement” between Houston and Colón, made by the Mayor of the District of Colon, Federico Policani, and the Mayor of Houston, Annise D. Parker, to strengthen relations and carry out works that benefit the province.

Houston Mayor Parker explained that the importance of the signing of this agreement is to exchange knowledge with local authorities and to [...]

The Conference of the Free Zones of the Americas was a resounding success

General Manager, Surse Pierpoint, and The Bulletin, with its Executive Sales Director Carlos Reyes

The 18th edition of the Free Zone Conference of the Americas, held in Panama in November, met with much success. Under its auspices, a future comercial relationship was concretized for 2015 between the Colón Free Zone, represented by its General Manager Surse Pierpoint, and The Bulletin, with its Executive Sales Director Carlos Reyes.

CMP seeks business opportunities with Cuba

El ministro de Comercio e Industrias de Panamá, Melitón Arrocha, firman el Protocolo Modificatorio del Acuerdo de Alcance Parcial

Panama has established the basis for effective cooperation in maritime and logistics matters with Cuba under the Partial Agreement that was extended on November 7, 2014, during the celebration of version 32 of the International Fair of Havana (FIHAV 2014).

The Partial Scope Agreement was signed on March 16, 2009, between the then first vice president and chancellor of Panama, Samuel Lewis Navarro, and the Vice President of the Council of Ministers of Cuba, Ricardo [...]