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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]