Puerto Caucedo looks towards expanded canal

Puerto de Caucedo

Looking towards the Panama Canal expansion, the Executive Director of the Port of Caucedo, Dominican Republic, Morten Johansen, explained new projects currently being implemented at the maritime terminal.

These include port dredging from its current 13.5 meters to 15 meters deep, with an investment of more than $30 million.

This major project will be completed by mid-November this year, preparing the Caucedo port for the expansion of the Panama Canal in 2016.

The comment was [...]

Tocumen airport raises departure tax

With an increase of the departure tax to $50.00 from January, 2016, Panama City will have the highest tax in Central America. It is followed by El Salvador, $40.27; Honduras, $39.72; Guatemala $30.00 and Costa Rica, $29.00.

Tocumen International Airport authorities indicate that this increase will improve the cash flow of the terminal, a key point as it makes a bond issue for $625 million to finance the current expansion project. Tocumen informed the Panama [...]

ACP sees risk of opening delay

Apertura del Canal ampliado en riesgo

The opening of the multimillion-dollar Panama Canal expansion could be delayed after cracks were detected in the concrete walls of the locks, said the Deputy Administrator of the Panama Canal Authority (ACP) Manuel Benitez.

However, Benitez said the ACP expects the expansion to be completed and ready for activities in April next year.

“Probably,” he said, when asked if there was the likelihood of a delay, and added that they were waiting for an update [...]

Mexico opens logistic center in Colón Port

México abre centro logístico en Colón

It is in the Colón Free Port in Panama, where the West Mexican Council for Foreign Trade (Comce) will open, before the end of this year, a logistics center for small and medium enterprises (SMEs) of Jalisco, Colima and Nayarit to export their goods to the Latin American market.

After several months of paperwork and finding the right warehouse, they finally have the site and the physical space to house the products made in Mexico [...]

Panama could export $120 million to Mexico

The Ambassador of Mexico in Panama, Jose Ignacio Piñas, has pointed out that currently goods exported from Panama to Mexico value around $20 million, but there is a potential for up to $120 million.

Ambassador Piñas recalled that in previous years, specifically in 2011, the figure for exports to Mexico from Panama dropped, but he did not know why that fall occurred.

The diplomat said that the launch of the Free Trade Agreement between the [...]

Week in Review – Vol. 34 No. 15


After leaks in one of the chambers of the new gate of the expansion project of the Panama Canal were found, engineers of GUPC, say that its designer, Montgomery Watson Harza, “is still assessing the cause of the problem and has not yet submitted a report to the Panama Canal Authority”. At least, this is the information that was released by the Panama Canal administrator, Jorge Luis Quijano.


“The Panama Maritime [...]

“Neo-Panamax bunker operations”

Panama Bunkering 2015

Panama Bunkering 2015

The 6th Bunkering Forum, PanamaBunkering will be held from October 6 to 7 at the Tryp Hotel in Albrook.

The event is organized by the Panama Chamber of Shipping and aims to unite the bunkering sector, agencies, carriers and service providers to discuss the problems facing this sector of the maritime industry and present them to the various authorities.

Engineer Nicolas Vukelja Duque, chairman of the Chamber Bunkering Committee and organizer of [...]