December

Panama says China increases its presence in the country to expand in the region

El Presidente de Panamá, Juan Carlos Varela y su homólogo Xi Jinping.

China will increase its presence in Panama to expand into Latin America, said Panamanian President Juan Carlos Varela, after his historic meeting in the Asian country with his counterpart Xi Jinping.

“There will be many more companies and multinationals using Panama to expand their presence in Latin America,” Varela told a press conference to present the achievements of his recent trip to China.

On that tour, Varela was received by the Chinese president and both […]

Global idle fleet reduced in face of increased vessel demand

Alrededor de 74,000 TEUs fueron retirados de la flota ociosa durante la primera quincena de noviembre.

The idle fleet of container ships of more than 500 TEUs has fallen, due to capacity demand, to only 136 units, equivalent to 520,365 TEUs, as of November 13, 2017, a figure that represents 2.5% of the total fleet accounted for in units.

According to an Alphaliner report, around 74,000 TEUs were removed from the idle fleet during the first half of November, reducing the number of inactive vessels in all size segments, except for […]

Study considers Panama Canal tug safety

Seguridad de los barcos remolcadores fue revisada por TMG.

Tug operations were put under scrutiny by an article published in the Maritime Journal and written by Peter Barker. For many months the tug boats captains have complained about the working conditions and other problems related to the safety of the vessels crossing the Panama Canal.

An A-list team of international experts led by The Maritime Group International (TMG) has delivered a review of tug operations in the newly expanded Panama Canal.

The canal’s capacity […]

The biggest container ship crosses the Canal

El Valparaiso Express abre la era de los megabarcos.

Recently the Panama Canal welcomed the largest capacity vessel to-date to transit the Expanded Locks—Hapag-Lloyd’s Valparaiso Express. The 10,589 TEU Neo-panamax containership was specifically built to take advantage of the greater capacity offered by the Expanded Panama Canal.

This passage ushers in a new era of mega-ships that have been able to transit the expanded Canal since its inauguration on June 26 of this year. The new locks, which are 70 feet wider and 18 […]

Tocumen builds an international waste plant

El Aeropuerto Internacional de Tocumen genera seis toneladas de basura por día.

Tocumen International Airport general manager, Joseph Fidanque Tercero, has broken ground for the construction of an International Waste Plant.

This plant has the capacity to technically and effectively handle the collection, selection and final disposal of organic and inorganic residues, liquids and non-dangerous substances that are left by aircraft which operate in that air terminal. The building of the project was given to the Spanish company, Oproler, at a cost of $3.5 million. They will […]

Panamanian tropical fruit exports decreased by 45%

Los TLC han afectados la exportación de frutas a Estados Unidos y Europa.

The Office of the Comptroller General has estimated that Panamanian exports will have decreased by 8% this year, when compared to 2015. This decrease is mainly due to the low export of tropical fruits, which has decreased by 45% since 2009, explained an article published in the daily “La Prensa”.

According to a report, pineapple exports, the country’s flagship product, fell by 36% this year, while melon exports decreased by 18%, and banana exports went […]

Week in Review December 31

TRANSITS UP

Some 500 transits were registered in the expanded Panama Canal up until last week, amid a decrease of revenues from fewer transits of smaller ships. According to figures from the Comptroller’s Office, up until October, there was a 6.8% decrease in the transit of ships through the Panama Canal and $51 million less in tolls compared to the same period of the previous year.

PAID UP

Panama Canal Authority (GPA) administrator, Jorge Quijano, […]