The Regional Port Society of Buenaventura SA announced through a press release to the port community and shipping lines that the legalization process and signing of contract No. 1805 of 2013 has been made with the international dredging firm of Jan De Nul Colombia Branch.
The contract involves dredging to deepen the berths, turning basin and container docks as well as the dredging inventory with the Colombian firm Batiestudios SAS.
The main objective of the [...]
The anticipated dredging of the Port of Miami has started, as the City and other US East Coast ports prepare for the huge ships that will pass through the Panama Canal when expansion is completed in 2015.
“Investment in the deep dredging will yield dividends in the coming years,” said the port director, Bill Johnson in a press release announcing the start of the 18-month project, “making Florida an even more powerful player in the [...]
The Mexican Ministry of Economy said that a Free Trade Agreement (FTA) with Panama would boost further integration of the Mexican economy in Central America, the Caribbean, the Andean region and the United States.
“It would further integrate Mexican exports from Panama to the United States, Venezuela and Colombia, these three countries accounting for about 57% of Panama’s exports,” said Francisco de Rosenzweig, Mexican Undersecretary of Foreign Trade.
The official argued that the treaty would [...]
The National Institute of Colombia (Invías), representing the Government of Colombia and the National Finance Development Department (NDF) signed an agreement to deepen and widen the access channel to the Bay of Cartagena.
The intention is to increase connectivity and competitiveness.
Expanding the access channel will be managed by personnel of the NDF in its technical, environmental, administrative and financial aspects and with an investment amounting to $60 million. The work will end on July [...]
Industry and government officials have been discussing the opening of new shipping ports in Panama. Potential sites include Corozal and Aguadulce on the Pacific side, and Margarita on the Atlantic. The ongoing development of expanding the Canal to accommodate Post Panamax ships has contributed in great part to the economic boom enjoyed in Panama over the past five years. The proposed ports may add further growth to the nation’s economy with increased shipping volume and [...]