Week in Review December 27

TOP SPOT

In 2018 Panama will have the greatest economic growth in Latin America and the Caribbean, it was announced the Economic Commission for Latin America and the Caribbean (ECLAC) from Santiago, Chile. Cepal estimates that the country will grow 5.5%; while 2017 will close with 5.3%, when they projected 5.6%.

STRONG HAND

The Panama Canal Authority (ACP) will contribute $1,650 million to the National Treasury, which represents $50 million more than what was budgeted. […]

Panama and Vietnam sign agreement on seafarers

For the benefit of seafarers of the maritime administrations of Panama and the Socialist Republic of Vietnam, as well as to reinforce cooperation ties between both nations, an agreement was signed within the framework of the 30 Session of the International Maritime Organization (IMO) Assembly.

The cooperation agreement for the recognition of the training and certification of seafarers, based on Rule I /10 of the International STCW’78 Amendment, as amended, was achieved after one year […]

MOP presents details of fourth bridge over Canal

Maqueta del Cuarto Puente sobre el Canal.

The Minister of Public Works, Ramón Arosemena Crespo, presented before the Board of Directors of the Panamanian Chamber of Construction (CAPAC) everything related to the megaproject of the fourth bridge over the Panama Canal. This work will improve the connectivity of more than 1.7 million residents of the West side of the country.

The fourth bridge over the Canal is an unprecedented and very important project for the country, since it includes a unique cable-stayed […]

Panama preparing to be energy hub

Mapa del Sistema de Interconexión Eléctrica para América Central.

With the aim of strengthening regional energy integration and evaluating the progress of the operation and administration of the Regional Electricity Market (MER) the companies and regional organizations that make up the Electrical Interconnection System for Central America (SIEPAC) met in the Panama City from December 13 to 15.

The SIEPAC integrates six electrical systems, creating a single regional electricity market. Being part of this system is very important for Panama, which aspires to become […]

Enticement required to promote Panamanian seafarers

Miembros de APOM en la Plaza de la Catedral.

By Marijulia Pujol Lloyd

For many years Panamanian seafarers and graduates from the Panama and Colon International Maritime University have fought through the auspices of the Panamanian Association of Merchant Navy Officials – Asociación Panameña de Oficiales de Marina (APOM) to be part of the national merchant navy, which currently has 8,200 ships registered. However, not even 1% of these ships’ crews have Panamanian nationality.

The APOM blames the Panama Maritime Authority (AMP) which historically […]

Japan grants Quijano the Order of the Rising Sun

La entrega se hizo durante una recepción en Panamá conmemorativa al natalicio de Su Majestad Imperial, el Emperador Akihito.

Panama Canal Administrator Jorge L. Quijano has been awarded the Order of the Rising Sun, Golden and Silver Star, by the Government of Japan.

Established in 1875, the distinguished honor is bestowed by the Japanese Government upon individuals who make exemplary achievements in international relations, promoting Japanese culture, improving social welfare, environmental preservation or the advancement of their own respective field. Mr. Quijano was recognized for his service in strengthening relations through trade and global […]

World’s first electric ship now sailing in China

El primer barco totalmente eléctrico.

China has launched its first all-electric cargo ship. The 230-foot-long ship runs a mere eight miles per hour, but the vessel has zero emissions of waste gas pollutants. The irony, however, is that the ship is going to haul coal, more than 2,000 tons worth, in the inland section of the Pearl River.

The all-electric ship is powered with enough lithium batteries to power 40 cars—a battery capacity of 2,400 kilowatt hours. After two hours […]