Franklin Castrellón

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 […]

Puerto de Corozal an urgent need

El planeado Puerto de Corozal.

By Franklin Castrellón

A workshop on marine cargo transshipment, held on August 17 under the auspices of the Logistics Cabinet and the Panama Chamber of Shipping (CMP) concluded on the need to expand port capacity of Panama on the Pacific coast if it is to exploit the opportunities open to the country by the expanded Canal.

In addition to the organizers and the representative of the Center for Innovation and Research in Logistics of Georgia […]

ACP maintains optimal levels of navigation safety

Casi no hay accidentes en el Canal.

By Franklin Castrellón

Occasional contact between the hulls of Panamax ships with walls of old locks have been routine in Panama Canal operations over the years.

However, three minor incidents in the new locks opened on June 26, 2016, have generated what sectors of the local maritime community see as an unfounded campaign to raise fears in the maritime industry.

These fears were activated by the Union of Captains and Deck Officers (UCOC) of the ACP […]

Expansion gives impetus to Corozal

Puerto de Corozal.

By Franklin Castrellón

The start of operations of the expanded Canal seems to have given the required impetus to the realization of the port of Corozal, the construction of which has been called for years by the maritime community under the leadership of the Panama Chamber of Shipping (CMP).

Last week, the newly installed president of the CMP, Rommel Troetsch, added his voice categorically to those of his predecessors, Juan Carlos Croston and Willys Delvalle, […]