Panama has become the sixth country to integrate the Central American Economic Subsystem (SIECA), after approval of the legal instrument made during the XXXIX Summit of Heads of State and Governments of SICA in Tegucigalpa, Honduras, on June 29 2012, subsequently approved by the National Assembly of Panama in April.
Panama has now joined the Central American Economic Integration Subsystem by Incorporating the Protocol on May 6; it was reported by the Secretariat of Central [...]
The Philippine firm, International Container Terminal Services Incorporated (ICTSI), winner of the tender to fund and operate the new container and general cargo terminal in Puerto Cortes, states that in the second half of 2014 the port will begin to regain its competitiveness. Juan Carlos Garrido, ICTSI business director, said that before the 60 days specified in the rules of competition for signing the contract, they expect to start by October this year the process [...]
No later than October this year the construction and equipping will begin on the container terminal in Puerto Cortes, Honduras, executives of the Philippine company International Container Terminal Services (ICTSI) have stated. “We look forward to results shortly, according to the schedule of activities of operation and construction of what has to be done to improve infrastructure from October this year,” said Juan Carlos Garrido, director of Business Development for the Americas of ICTSI. The [...]
The Central American Pacific port of San Lorenzo, Honduras, is to become a strategic partner of the Taiwanese shipping company, Evergreen. Evergreen executives met with officials of the Honduran National Ports Company (ENP) and businessmen to explain how they would convert San Lorenzo into their strategic partner. The vice president of Evergreen, Lin Yuan Cheng, said that “the relationship between Evergreen and the National Port Authority of Honduras is a very beneficial opportunity for businessmen [...]
Puerto Cortés requires an investment of $1,000 million to restore competitiveness and regain its past position as the main port in Central America. The recovery process, which would require 30 years, begins in February, with the opening of the bidding process. Fewer ships now arrive in Puerto Cortes, and the port is anchored, while its neighbors, Guatemala and Costa Rica, advance. The port continues generating substantial losses to the State of Honduras. Jose Antonio Pineda, [...]