April 2013

PPC acquires thirteen electric patio cranes

Panama Ports Company (PPC) has purchased 13 electric yard Gantry cranes of the ZPMC brand, capable of stowing up to seven containers high. These cranes left Jiangyn in China on April 22 and will arrive at the Port of Balboa on approximately May 24, 2013.

With this new acquisition, Balboa will have a total of 90 RTG cranes. These new electic RTGs are part of a green initiative of Panama Ports Company […]

Mercansa at Expocomer


The British delegation was numerous in EXPOCOMER, the biggest commercial fair in the region. Mercansa, the company that specializes in supplying ships at port and at sea was present. Around 35 countries took part in this year event that was designed to encourage commercial exchange between Panama and the rest of the world.

Maersk Line improves services from Europe to the Dominican Republic

The Danish shipping company Maersk Line has introduced the service “Ecumed”, through which it will provide new options for shipping from Europe to the Dominican Republic, directly from Turkey, the Ukraine and Russia.

Alejandro Manuel Terrero, commercial manager of the firm, said the new service offers higher levels of credibility in schedules, ease of doing business, weekly departures, better itineraries and better reliability in transit time.

Similarly, he reported that this year the company presented […]

Colon people reject concession contract

Pier 3 dispute continues; they want an answer

Controversy continues between the Panama Maritime Authority (AMP) and the “Frente Amplio de Colón” (FAC) over a concession given to the company Termini Financing Group to operate Pier 3, the former fiscal wharf plus 2.4 hectares that extend from Calle 10 in Colon City and the area known as “La Playita.”

In the Official Gazette (Gaceta Oficial) 27.190 of December 24 2012, Termini has permission to operate […]

Panama Canal expansion may affect Suezmax tanker traffic

Whether or not the new Panama Canal will benefit Suezmax tanker operators is now the subject of international interest. When the expansion is complete, Suezmaxes will be able to transit the Panama Canal with around 130,000 metric tons onboard, as long as they comply with the new draft restriction of 15.24 meters.

In a recent report, Gibson shipbrokers gave an overview on the Suezmax-Panama situation.

They said that Asia’s rising need for crude from the […]

Itecsa wins Colombian oil dock tender – it will cost $40 million

The Mexican construction company Itecsa, of the Tradeco Group, won a tender to build a pier and a cargo terminal for the oil company Pacific Rubiales Colombia in Cartagena de Indias, for $40 million.

In a statement, the company explained that for this contract it formed an alliance with the French company Soletanche Bachy, with which it won the bid called by the port company Puerto Bahía.

The dock will have a length of 510 […]

Panama has air cargo potential

Tocumen SA was ranked among the top 10 airports in terms of air cargo in the region

Panama has the potential to be placed in the top positions in the movement of air cargo in the region for its strategic position and especially for its links with maritime cargo transport and the Panama Canal expansion.

These affirmations were made by the leader of the World Bank mission, Ralf Kaltheier, who visited Panama to define the […]