April

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 […]

Fourth Industrial Revolution is changing the world

Cuarta Revolución Industrial está cambiando al mundo

The best companies have understood this revolution and have already begun the process of adaptation. The change is obvious and inevitable and has become more noticeable in the last decade, noting that everything has been digitized or is in that process.

The Panamanian Association of Business Executives (APEDE) within its organizational scheme, that the brand event, which is the annual Conference of Executives (CADE) begun in 1966 and only interrupted in 1988, due to the […]

World trade reactivates

Panamá deberá jugar un papel clave como centro regional de comercio y trasbordo de carga.

Por Franklin Castrellón

The prolonged nine-year low economic cycle that began in September 2008 with the bankruptcy of Lehman Brothers bank, driven by excesses in the commercialization of subprime mortgages, seems to have come to an end. A rebound is seen beginning to consolidate world trade, starting in the last quarter of 2016.

The Netherlands Bureau of Economic Policy and Analysis (CPB) reported that, in terms of volume, world trade grew by 2.4% in the […]

Low cost airlines conquer Central America

Líneas aéreas de bajo costo conquistan Centroamérica

Twenty years ago the segment of low-cost airlines took off, mainly in Europe and the United States.

Latin America first saw the trend in emerging markets, such as Brazil.

In the case of Central America, the flights have begun to arrive with a little delay, but each day they are strengthening in the market.

The boom has occurred especially in Panama and Costa Rica, which have operations of companies such as Viva Colombia, Wingo and […]

Panama Canal Board of Directors Meets Advisory Board

La Junta Directiva del Canal se reunió con la Junta Asesora.

A delegation of the Panama Canal Authority (ACP), including members of its Board of Directors and administration, met in Shanghai, China, on March 28 and 29 for its annual joint meeting with the ACP Advisory Board.

Since 2000, the Advisory Board meets once or twice a year, alternately in Panama or in a city linked to the maritime industry. This occasionally coincides with the place of residence of Advisory Board members, who offer their insights […]