Emirates to strengthen ties with Latin America

Emirates to strengthen ties with Latin America

During the last edition of the Summit of senior executives from Emirates airline, they received a high level delegation from Central America and Latin America as part of an official visit to the headquarters of Emirates in Dubai.

The airline, which will begin daily flights to and from Panama, now seeks to examine opportunities of mutual benefit, improve relations and further stimulate the flow of commercial traffic and tourism between Dubai and Panama, as well [...]

ACP chief sees how railway complements port operations

El ferrocarril de Puerto de Miami.

On a recent visit to brief PortMiami executives on Panama Canal expansion progress, ACP administrator, Jorge Luis Quijano took a train ride. He was invited by the proud operators to travel from PortMiami to FEC’s rail yard in Hialeah.

The canal expansion, due to be completed this year, is expected to play a big role in PortMiami’s growth plans.

As part of a three-pronged strategy to position itself for the future, PortMiami has built a [...]

Cristobal first rice re-export center in Panama

Puerto Cristóbal primer centro de re-exportación de arroz

The port of Cristobal, Colon, administered by Panama Ports Company (PPC) has created a new industry in Panama – bagging bulk rice for re-export.

The new activity advances the objectives of the operator to help position Panama as a global logistics center.

The service consists in bringing the product to Panama in bulk and bagging it before re-export to various countries in South America and the Caribbean through the port.

This added value implies a [...]

Slight improvement for economy and trade in 2016

La proyectada Línea 2 del Metro.

By Franklin Castrellón

The global economy in 2016 and 2017 will record growth of between 3.2% and 3.8%, a slight recovery from the 3.3% recorded in 2015, according to the major multilateral agencies. Goldman Sachs, a leading investment bank, locates its global forecast at 3.5%, giving it a 2.0% for developed countries and a remarkable 4.9% for emerging economies.

The International Monetary Fund (IMF) expects the world economy to start a cycle of recovery in [...]

ACP could finish the expansion works

Expansión del Canal de Panamá

This aerial photo taken on December 30 shows one of the new locks almost finished. With an increase of 96% in the expansion project, the contractor Grupo Unidos por el Canal (GUPC) surprised everyone at the end of the year by announcing a possible work stoppage. Canal Administrator, Jorge Quijano, warned that if GUPC leaves the work, the ACP is prepared to complete the Canal expansion, that should begin commercial operations in mid-2016 (Photo [...]

MIT’s 20th anniversary

20 years of MIT

MIT celebrated 20 years serving Panama and the world, together with its clients, employees and partners, with its traditional Christmas Party, highlighting different cultures and roots of our country.

During the event all the achievements during the 2015 were presented along with highlighting Employees of the Year 2015.

The surprise of the evening was the presentation of Samy and Sandra Sandoval, enjoyed by all the guests late into the evening.

Rail playing key role in logistics industry

Ferrocarriles en los Estados Unidos.

By Grant Miller, Vice President, Colliers International (Directory 2016)

Expansion of the Panama Canal, increasing use of intermodal facilities and setting up of new mega distribution facilities are among the latest logistics trends.

In the warehouse and distribution sector, a quote from Ben Franklin resonates so true today: “When you are finished changing, you are finished.” It is imperative that professionals stay current with trends and projections in their industry or, as Ben Franklin stated, [...]