Kicking the can down the line

Una de las naves de Hamburg Süd.

Maersk Line and Hamburg Süd have announced a slot purchase agreement for Hamburg Süd’s volumes on the east-west trades to be shipped on vessels in the 2M network. Due to changes in the global liner alliances, the agreement follows commercial negotiations in anticipation of the termination of Hamburg Süd’s current slot purchase arrangements on the East-West trades.

The agreement is scheduled to begin April 1, subject to maritime filing requirements being satisfied. It covers the […]

UMIP gives IMO courses in El Salvador

Una de las clases del curso.

The Maritime Technical Institute (ITEMAR) of the International Maritime University of Panama sent two of its professors to Central America to give International Maritime Organization (IMO) training courses to instructors of the Republic of Salvador Education and Naval Instruction Center(CEIN).

Five instructors benefited from the training. All of them are part of the CEIN Merchant Marine Training Program. The course took place at La Union naval base from January 30 to February 6 in two […]

Panama Maritime 2017 holds some surprises

On July 26 Panamanians were witnesses and celebrated together the inauguration of the new locks of the Panama Canal, a historical fact for the country.

In this 2017, the Panama Ship Registry becomes 100 years old, a centenary.

Incidentally, it is the largest ship registry in the world with more than 8,000 ships registered.

With great works, great challenges and responsibilities come and also, opportunities for all, and especially for Panamanians.

That’s why all are […]

Quijano makes Lloyd’s 2016 list of most powerfulmen in the maritime world

Jorge Luis Quijano.

The administrator of the Panama Canal Authority (ACP) Jorge L. Quijano, was chosen by Containerisation International (CI) a subsidiary of Lloyd’s List, among the “25 personalities, families and companies” who are a key in the transport of containerized cargo in 2016.

Considering Quijano a “true veteran” in the industry for having spent most of his adult life working for the Panama Canal, CI believes that this experience was crucial for him to overcome all obstacles […]

VTTI merges with the Panamanian company PATSA

VTTI B.V. (“VTTI”), the global independent provider of energy storage, announced the acquisition of a 230,000 m(3) facility in Panama, resulting in a joint venture between VTTI and Global SLI. This deal sees VTTI take a 75% interest in PetroAmerica Terminal, S.A. (“PATSA”), a terminal strategically located on the Pacific side of the country, close to the Panama Canal, with a wide range of refined storage products.

VTTI’s expertise and knowledge of the industry as […]

Shipping rates could get worse under Trump: CEO

Hay demasiados panamax en los mares.

Overcapacity in the shipping industry is weighing on charter rates, keeping them stuck below operating expense levels and leaving hundreds of ships idle. The protectionist policies of Donald Trump could make things worse, a CEO warns CNBC.

On the Panama Canal, only 88 panamax ships sized between 4,000 and 5,100 container capacity are currently deployed on the Panama route, compared to 221 in June last year, according to shipping analysts at Alphaliner.

Panamax ships can […]

Port of Cortes starts its expansion

Puerto Cortés.

The Operadora Portuaria Centroamericana (OPC), the company that won the concession to manage the container terminal at Port of Cortes in Honduras, announced that the construction of pier six of that terminal, a project that cost $148 million is in its first stage.

The construction of the wharf is the largest expansion carried out in the terminal since the OPC acquired the management of the port in December 2013. The agreement between the company and […]