Franklin Castrellón

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 […]

Shipping industry supports Corozal

Ubicación planeada para el Puerto de Corozal

By Franklin Castrellón

“The arguments against the development of the Port of Corozal by the Panama Canal Authority (ACP) that Panama Ports Co. (PPC), the company that operates the ports of Balboa and Cristobal, lawyers and citizens who identify themselves as “residents” of the Diablo, have brandished, do not have enough valid arguments before the reality that the terminal is an essential piece in the transformation of Panama into a regional logistics hub and the […]

Four new ACP mega projects

La ACP quiere construir una terminal para buques de gas natural licuado.

By: Franklin Castrellón

The Panama Canal Authority (ACP) has announced the development of four mega projects in addition to the Port of Corozal. According to its administrator, Jorge L. Quijano, it will add value to the Panamanian route and boost the development of the country as a global logistics hub. The plan is to create a logistics park, a terminal for liquid natural gas (LNG) ships, another port for car carrier vessels and a photovoltaic […]

Glance at global maritime trade: Shipping industry adapts to low cyclical growth

Shipping industry adapts to low cyclical growth

By Franklin Castrellón

The impact of slow current economic growth in world trade has led the maritime industry to make adjustments in response to economic, political, demographic and technological trends. This is revealed in a study by IHS entitled, “Trade and the Maritime Industry, Global Trends 2016”.

“Understanding these trends is key to improving the performance of capital investment and operational efficiency, and provides the foundation for successful business strategies in the long term,” says […]

Mixed companies paid millions, why not Panama Ports?

Panama Ports, Cristóbal.

By Franklin Castrellón

The ten joint ventures increased their contributions to the State by 36.3% in fiscal year 2015, the director of the Department of Investment, Concessions and Risks (DICRE) of the Ministry of Economy and Finance, Jorge Dawson, told The Bulletin,.

The contributions totaled $163.4 million in 2015 compared to $119.9 million in the previous year.

The greatest contribution in 2015 corresponded to the hydroelectric generating company, Enel Fortuna, with $40.98 million, followed by […]