April

AMP repatriates seamen abandoned in Venezuela

El barco fue abandonado cerca del Puerto de Guanta, Venezuela.

The Panama Maritime Authority (AMP) repatriated the crew of the Panamanian flagged vessel “Pan Prosperity” with IMO No. 9125152, which was abandoned near the Port of Guanta, in the Bolivarian Republic of Venezuela.

The labor complaint by the crew of the “Pan Prosperity” was received by the Department of Maritime Labor Affairs of the Department of Seafarers on March 1, 2017. On initiation of the investigation, it was confirmed that on board the vessel were […]

UMIP forming future seamen

UMIP formando a los marinos del futuro

The Panama International Maritime University (UMIP) emerges because of the need of the country to have a catalyst that, in addition to providing training and development of skills, enhances the human element, promote research and the presentation of initiatives to strengthen Panama’s pre-eminence in all segments of the maritime industry.

It is a specialized university, created on December 1, 2005 under Law No 40, which was amended in 2012, by Law 81, which governs its […]

FCC wins contract to build storage terminal

FCC gana el contrato para construir la terminal

The consortium FCC and Felguera IHI have won the contract to construct the Vopak oil storage terminal in Bahía las Minas (province of Colón), on the Panamanian Atlantic coast.

The contract was awarded by Royal Vopak, one of the world’s leading providers of independent tank storage for the oil and chemical industry.

The new terminal will be located next to the Chevron terminal of 509,000 mbc (thousands of barrels of oil) in Panama. It will […]

Mercansa for all maritime needs

Founded in 1988, Mercantile Shipstores S.A. (Mercansa) has established itself as one of the leading companies for supplies, technical materials, marine hardware, safety articles, cables and mooring ropes, among other maritime needs for ships that transit the Panama Canal and call at Panamanian ports.

Mercansa is strategically located in the Colon Free Zone and in Panama City, for the rapid attention to ships in both oceans.

Focused on offering the best service to customers, Mercansa […]

Drewry Index registers value of $1,365/TEU as of March 30

El precio de envío de contenedores ha bajado.

Drewry’s World Container Index, which is based on container freight rates on the eight main routes to and from the United States, Europe and Asia, declined by 1.1% to $1,365.92 per the freight rate of a 40-foot container (FEU) as of March 30.

The composite index, despite losing 1%, is still 60% higher than the same period in 2016.

The annual average for the World Container Index during 2017 is $1,631/FEU, ie $100 less than […]

Dry Canal project remains on track

The partners in the Guatemala Technology Corridor Project (CTG) presented the advances of the private public alliance that looks towards a dry canal to unite the oceans and facilitate commercial activity and that could be ready in 2022.

The Liaison Office for Latin America (Odepal) presented the Interoceanic Corridor of Guatemala project of national interest for development with the participation of foreign investors.

This will be the most important work of this millennium in the […]

Week in Review April 18

OIL SEARCH

Panama’s Cabinet approved seismic surveys in the open sea to determine if there is oil or natural gas reserves, a source from the National Energy Secretariat (SNE) told the news agency Efe. The geophysical survey will take place only 15 kilometers from the coasts and not on the mainland, in a 40,000 kilometer layout, according to a document from the SNE that indicates that the first analysis will catalog the areas chosen as […]