Agreement does not affect Panama’s maritime space

El acuerdo de delimitación marítima firmado entre Ecuador y Costa Rica no afecta los espacios marítimos de Panamá.

The Panama Maritime Authority (AMP) said that the agreement signed between Ecuador and Costa Rica on maritime delimitation, does not affect the maritime areas of Panama.

“Recently, the governments of Ecuador and Costa Rica signed an agreement on the maritime delimitation, which only has an impact between the two nations, and does not influence the maritime areas of the Republic of Panama,” said the administrator of the AMP, Jorge Barakat.

In connection with navigation near […]

ACP Board authorizes go-ahead for Port of Corozal

The Board of Directors of the Panama Canal Authority (ACP) approved the statement of requirements and authorized management to continue with the approval process prior to calling the tender for the concession of the port of Corozal with the shortlisted companies.

The ACP announced that the statement of requirements will be published in ten days.

The ACP announced in March this year that four out of seven of the largest port operators in the world […]

IMO confirms deposit by Panama on ship recycling

As part of the commitment to improve measures for the protection of the marine environment, Panama deposited the instrument of accession to the Hong Kong International Convention for safe and environmentally sound recycling of ships, 2009, of the International Maritime Organization (IMO) in London, England.

By letter dated September 19, the Secretary General of the IMO, confirmed receipt of the deposit by the Government of the Republic of Panama, which seeks to prevent, reduce and […]

BID to invest $400 million to speed border crossings

Frontera Panamá-Costa Rica, Paso Canoa.

A $400 million project of the Inter-American Development Bank (IDB) is being implemented to make a substantial change in the operation of border crossings in Central America.

In Panama, it is in a final stage of approval, with funding of $60 million.

The overall project is being made with a modern electronic platform so that shippers, importers and exporters can send in advance their information, so that on reaching the border crossing their merchandise makes […]

More English teaching at the UMIP

Se fortalece enseñanza del Inglés en la UMIP

The representative of the Diplomatic Mission for the teaching of English and Director of the Regional Office of English Language of the US Embassy in Panama, Rick Rosenberg, visited the Panama International Maritime University (UMIP).

Rosenberg’s objective was also to formally present himself to the UMIP authorities, to show his full availability to support the management carried out by this house of higher learning for the benefit of skills and development in the English language.


Colon Free Port needs support

Colon Free Port is viewed very positively by the President of the Colon Free Zone Users’ Association, Usha Mayani who adds that the government should establish the conditions for success and walk hand in hand with the private sector to provide security and infrastructure for users, visitors and residents of the province.

“It is important that the mistakes are not repeated that were made with the Colon Free Zone, that today struggles to address them, […]

Glance at global maritime trade: Shipping industry adapts to low cyclical growth

Shipping industry adapts to low cyclical growth

By Franklin Castrellón

The impact of slow current economic growth in world trade has led the maritime industry to make adjustments in response to economic, political, demographic and technological trends. This is revealed in a study by IHS entitled, “Trade and the Maritime Industry, Global Trends 2016”.

“Understanding these trends is key to improving the performance of capital investment and operational efficiency, and provides the foundation for successful business strategies in the long term,” says […]