Colón Free Zone manager takes part in “C3 Opina” forum

Gerente de la Zona Libre de Colon, Surse Pierpoint

The Colón chapter of the Panamanian Society of Engineers and Architects held the first “C3 Review Forum” to present the government with a plan to develop activities in the province under the government Mega project, “Urban Renewal-Human Integration.”

Engineer Flor Moreno, Director of the Colón Chapter, stated that the purpose of the forum is to call attention to the needs of the Colón community by creating a plan in line with its needs that will [...]

Canal competitiveness in question

Mega ship building reaches fever pitch

Will Panamá be ready to handle mega ships?

Container ships with dimensions exceeding the capacity of the expanded Panama Canal put into question the country’s readiness to receive them.

Although the increasing size of container ships on the pretext of economies of scale has its limits, the main shipowners are engaged in a race to build ships of 18,000 TEU and more.

Earlier this year, Evergreen Line announced it had ordered 11 mega container ships [...]

Dispute Resolution Board partially favors GUPC claim

José Antonio Domínguez, presidente de la comisión legislativa de Infraestructura Pública y del Canal, durante una reciente inspección de los trabajos de ampliación del Canal de Panamá.

The Dispute Resolution Board (JRC) issued its decision that recognizes the payment of a fraction of the amounts claimed by the Grupo Unidos por el Canal (GUPCSA), in respect of alleged cost overruns in the construction of the third set locks of the Canal expansion.

The decision of the JRC provides its discretion with respect to the mixture of concrete and basalt aggregate for the construction of the locks.

In this case, GUPCSA claims some [...]

700K people have visited AIG Street View Panama

Una captura de pantalla del puente Centenario desde el portal de AIG

Virtual tours of Panama are now easily accessible from your smart phone, tablet or computer. An estimated 700,000 people have already visited AIG Street View Panama, a website that allows visitors to take online tours of the country, said the National Authority on Government Innovation (AIG). The site is accessed at: “311panama.maps.arcgis.com” where the “AIG Street View” link is located.

Engineer Anabel de Tapia, Director of Architecture Technology of AIG, indicated that the website contains [...]

Law nationalizing auxiliary maritime industry repealed

The much disputed Law 41 of June 14, 2013 was amended by the National Assembly repealing the provision nationalizing auxiliary maritime services, which significantly restricted the participation of foreign investors in key services for ship clients at the Panama Canal and in the Panamanian ports.

Article No.2 of Law 41 was repealed, which reformed Article 43 of Law 56 of 2008 and Act 57 of 2008, that dictated rules on work at sea and waterways. [...]

Week in Review – Vol. 33 No. 51

EXPANSION SPENDING

The Panama Canal Authority (ACP) invested, until December 31 last year, $4.54 billion in the expansion works of the waterway, estimated to cost $5.25 billion. This is shown in Quarterly Report No. 33, which details the progress of the waterway expansion and emphasizes that, in this period, the manufacture of the Canal’s new gates in Pordenone, Italy was completed, and the transfer of the last four gates was also made.

POLIES VISIT CANAL

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Customs submits new Draft Customs Law

José Gómez Núñez, Director General de la Autoridad Nacional de Aduanas

The Director General of the National Customs Authority, José Gómez Núñez, formally presented the new Draft Customs Act to the Minister of Economy and Finance (MEF), Dulcidio De la Guardia for analysis and review before being submitted to the Cabinet for final presentation to the National Assembly and becoming law of the Republic.

This Bill compiles the concerns, needs and recommendations of 29 public institutions and business associations related to international trade and logistics for [...]