Franklin Castrellón

Canal offers incentives to Neopanamax on return journey south

The Neopanamax ships will receive incentives, if they use the Panama Canal on its return trip.

By Franklin Castrellón

The Panama Canal Authority (ACP) has formulated a proposal to modify the toll system which, on the one hand, provides incentives to Neopanamax vessels on their partially empty return voyage to the South Pacific. On the other hand, the ACP reassigns the container/loose cargo vessels from its classification in the “other” segment to the general cargo segment, which will generate savings for these types of vessels for using the Panamanian route. The […]

Customs and procedures are modernized

AUPSA no aumentará costos a la carga de transbordo.

By Franklin Castrellón

As a result of concerns expressed in the Logistics Cabinet Permanent Consultative Council and agreements made in the Cabinet, next June the systems and payments made by electronic means will be modernized and will be initiated in the State entities that provide services to imports and exports, particularly to transshipments. This represents about 95% of the cargo handled at Panamanian ports.

The good news was confirmed this week to The Bulletin by […]

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 […]

CMP: The State must join forces Port of Corozal requires final push

Panamá esta lista para un nuevo puerto

Por Franklin Castrellón

Following the absence of proposals by the four global port operators that had prequalified to develop and operate the port of Corozal on the Pacific side of the Canal, the Panama Chamber of Shipping (CMP) called on the Canal Authority, the Judicial Branch and the Legislative Branch to resolve the problems that prevented the submission of proposals and to promote the implementation of that project.

CMP President, Rommel Troetsch, believes that there […]

Panama Maritime 2017 to examine successes and prospects of the Canal and Ship Register

El Registro de Naves de Panamá cumple 100 años.

By Franklin Castrellón

The thirtieth version of the biannual Panama Maritime Exhibition will be dedicated to celebrating the country’s two major maritime and logistics successes – the centenary of the Panamanian Ship Registry and the expansion of the Canal – and examine the promising perspectives the imminent transformation of Panama into the logistics hub of the Americas provides to investors.

The event that brings together some 500 international and local maritime industry leaders it will […]

High speed ferry could ease Panama West traffic

Los ferrys son un medio de transporte común en las Islas Azores.

By Franklin Castrellón

Trade and maritime industry sectors consulted by The Bulletin on the possibility of establishing a high-speed ferry service between Panama West and the capital city to relieve land traffic jams during peak hours, agreed that “at least the initiative deserves a feasibility study by the government”.

They pointed out that the studies should focus on potential demand and economic viability, including various alternatives for the development of such a project, as was […]

Canal prepares for LNG ship transit boom

El “Maran Gas Apollonia” fue el primer barco de GNL en cruzar el Canal.

By Franklin Castrellón

In the first 50 years of operation of the Panama Canal, the core of its business consisted of bulk cargo ships. However, when the use of containers was consolidated by Malcolm McLean, designing it for use for the first time in April 1956 for a voyage between New York and Houston, container ships displaced bulk carriers, and both segments have been maintained as best canal customers.

The start of operations of the […]