logistics news

Week in Review May 16

ZLC RISING

Revenues of the Colon Free Zone (ZLC) for 2018 could improve slightly, while the site recovers from a commercial crisis that resulted in a tax and tariff reduction for its users.

CANAL EXCEEDS

The expansion of the Panama Canal generates good results. Since its inauguration, from June 26, 2016, to April 30 this year, toll revenues exceed $528.6 million. Over 1,000 neo-panamax ships (an average of 5.9 ships per day) have transited the […]

Week in Review March 6

PANAMA TOPS

Panama will outperform Chile as a result of greater economic growth, but the measure does not reflect persistent inequalities. Panama will be the country with the highest GDP per capita measured by purchasing power parity in Latin America in 2018. This is the projection made by the International Monetary Fund (IMF). Taken into account are the calculations that point to Panama as the fastest growing economy.

DEPENDENCE

An improvement in the economies of […]

Week in Review October 19

Expensive education

The constant complaints about the high cost of private education has generated a great conflict between parents, school owners and the Legislative Organ. There are at least five bills proposing reforms that could affect the money families put aside for their children’s education. The new bills propose such things as tax incentives for parents; the expansion of the so called “Universal Scholarship”, only given to students who go to schools where the annual […]

Week in Review – Vol. 35#9 – June 27

NEW EXPANSION

A fourth set of locks on the Panama Canal could be built “If it becomes necessary” and a group of experts will start a feasibility study from October 1. However, there is still no decision, the administrator, Jorge Quijano told the news agency Efe.

HISTORY UNFOLDS

Between 2007 and 2015, during the expansion work of the Canal, 2,250 pieces of archaeological value were found, dating from different periods of the history of Panama: […]

Week in Review – Vol. 34 No. 18

LEAKING LOCKS

The consortium Grupo Unidos por el Canal (GUPC) which is building the third set of locks on the Panama Canal, has not given the final report on the leaks detected more than two months ago on the Pacific locks. The Canal administration announced that it has received preliminary reports, but is still waiting on a final report on the failure. After more than two months since the leaks appeared in the Canal Expansion, […]

Week in Review – Vol. 34 No. 15

LEAKING INFO

After leaks in one of the chambers of the new gate of the expansion project of the Panama Canal were found, engineers of GUPC, say that its designer, Montgomery Watson Harza, “is still assessing the cause of the problem and has not yet submitted a report to the Panama Canal Authority”. At least, this is the information that was released by the Panama Canal administrator, Jorge Luis Quijano.

INSIDE TRADING

“The Panama Maritime […]

Week in Review – Vol. 34#11

DRY DANGER

The “severe” El Niño effect on rainfall has diminished the catchment of the Panama Canal watershed and is causing lower levels in the Gatun reservoir, the main source of water for the operation of the waterway and water supply for human consumption. The phenomenon, says the Panama Canal Authority (ACP), could cause a restriction on the draft of ships, if insufficient rains continue in the area.

HUB TRAINING

The Panama government seeks to […]