Bi-Lingual Newspaper which focuses on Logistic News and Information for Panama and Around the Globe
By: Franklin Castrellón
The rainy season started on May 15 with a delay of almost a month, normalizing transit operations through the Panama Canal.
Due to the drought, the Panama Canal Authority (ACP) announced on May 8 water-saving measures to maintain the availability of water for human consumption and industrial use in the metropolitan area of Panama and the Canal.
The cost-saving measures suspended hydraulic assistance to ships during ejection from the locks, and increased [...]
The first of 14 new tugs specially designed to more effectively assist post-Panamax vessels through the new Third Set of Locks, arrived in Panama at the end of March.
The ACP’s existing tug fleet now totals 37, including this new tug.
Spanish ship building and repair company Astilleros Armon SA has delivered the tug “Cerro Itamut”, the first of a series of fourteen azimuthing tractor tugs for the Panama Canal [...]
When it seemed that the roof of container capacity was set by Maersk Line when it imposed its Triple-E series, there came a surprise from a Chinese shipping company with an order for five mega container carriers exceeding by 400 containers measured in 20-foot units (TEUs) over the ships of the Danish giant.
China Shipping Container Lines (CSCL) has commissioned the South Korean shipbuilder Hyundai Heavy Industries to [...]
LOGISTICS BOOMING
The logistics sector contribution to Panama’s gross domestic product (GDP) has doubled in 12 years, from 13.3% in 2000 to 24.1% in 2012, according to the economic chart of the Panamanian Association of Business Executives (APEDE), based on statistics from the Comptroller’s Office. The Comptroller’s Office measures the contribution of the logistics industry including communications, an activity that plays an important role in the logistics platform and competitiveness in the services provided by [...]
The private sector can now invest in the ports of Nicaragua, which is projected as a good development in the area, according to the General Law on Ports, which was approved in principle in the National Assembly of that country.
“The solution to improve port infrastructure is to allow private or state-private joint ventures,” said Hugo Lopez Sanchez, deputy director of Water Transport of the Ministry of Transport and Infrastructure, DGTA-MTI.
Nicaragua at present has [...]
By Marijulia Pujol Lloyd
Panama is the ideal place to do business. It has a privileged geographical position that makes the country a natural hub.
Over the years, different governments have created incentive packages to attract multinational companies.
However, understanding the laws, regulations and the idiosyncrasy of how to do business in Panama can be daunting.
Now a renowned economist, Moisés Véliz Arosemena, who has vast experience in the [...]
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