New executive director for PPC

Puerto de Balboa.

Panama Ports Company (PPC), a subsidiary of Hong Kong’s Hutchison Port Holdings (HPH), last week announced the appointment of Paul Wallace as the new Chief Executive Officer (CEO) with effect from August 8, 2016. Wallace replaced Aitor Ibarreche, who held the post from January 2014 to June 9, 2016.

With over 30 years of experience in the maritime industry, Wallace entered the HPH Group in November, 2009, as commercial director of the Port of Felixstowe, […]

PCT has new installations

Los megabarcos se están desviado a Puerto Caucedo.

Panama Central Terminal, Inc., (PCT) is a Customs area dedicated to handling nationalized and non-nationalized cargo. It has a facility and location in the area of Juan Diaz. From the moment cargo arrives at the ports, it is received in the facilities of Panama Central Terminal and moved quickly and safely through procedures for nationalization or export. PCT has a modern computer center that keeps inventories for both bulk cargo and containers.

The services offered […]

Week in Review September 5

NEW AIRLINE AT COLON

Air Freight Caribbean (Taeca) will become the first company to use the almost intact facilities of the Enrique A. Jimenez Airport in Colon. With an initial investment of $120,000 in offices and $600,000 projected for the initial operation, the Panamanian company will begin operations once the aeronautical certifications are issued to acquire their aircraft and aviation permits as a national company.

CANAL BUDGET

Panama’s National Assembly approved on third and final […]

Puerto de Corozal an urgent need

El planeado Puerto de Corozal.

By Franklin Castrellón

A workshop on marine cargo transshipment, held on August 17 under the auspices of the Logistics Cabinet and the Panama Chamber of Shipping (CMP) concluded on the need to expand port capacity of Panama on the Pacific coast if it is to exploit the opportunities open to the country by the expanded Canal.

In addition to the organizers and the representative of the Center for Innovation and Research in Logistics of Georgia […]

Tankers need changes to use expanded canal

El tanquero “Aegean Unity” cruza el Canal ampliado.

The expectation of some oil brokers and intermediaries that the expansion of the Panama Canal opens a new route for VLCCs will take longer than expected to become a reality.

Many ships will require renovations to transit through the new locks, industry specialists say.

The modifications of these huge vessels mainly involves mooring cable bollards that are necessary, because the new locks use tugboats instead of locomotives to guide ships.

Previously only a fraction of […]

Panama and Turkey expand cultural relations

El simposio “1915” celebrado en la UMIP.

With the coordination of the Center for Latin American Studies at the University of Ankara, in Turkey, supported by the Panama International Maritime University (UMIP) and the Panama University (UP) the Symposium “1915, the year longest in the Ottoman Empire: the revival of power” began in Panama City in its seventh version.

The event, which has served Panama and Turkey to expand their cultural relations through the UMIP and the UP, was opened by the […]

Panama participated in Executive Committee of Mesoamerica Project

Reunión del Proyecto Mesoamericano.

The Republic of Panama, as a member country of the Integration Project and Development of Mesoamerica (PM) participated in the Third Meeting of the Executive Committee of that integration mechanism in El Salvador.

In this mechanism, Panama led the Maritime Short Sea Transport Project (SSS) which is part of the economic axis. With the support of the Panama Maritime Authority, the Central American Commission on Maritime Transport (COCATRAM) and the Inter-American Development Bank (IDB) workshops […]