September 2014

GUPC announces completion of major phase of expansion

Unas de la presas de Borinquen

The contractor for the third set of locks on the Panama Canal announced that a major phase of the project has been completed. “A new milestone in the project of the Third Set of Locks has been reached by Grupo Unidos por el Canal (GUPC), the consortium responsible for the design and construction of this work, by finishing inserts of the 1W dam, one of the components of the Borinquen dams,” the company said in […]

Agunsa gets new airline representations

Agunsa gana una nueva representación aérea

This year, 2014 has been a positive one for Agunsa in the area of Airlines Representations. In February, it gained representation as General Sales Agent for IAG Cargo in Chile, the parent company of Iberia and British Airways, to arrange booking and sale of cargo spaces for regular flights from the airport in Santiago.

In August, Turkish Airlines Cargo also joined with Agunsa for cargo representations with offline flights from Buenos Aires.

The service of […]

Paraguayan mission visits Colón Free Zone

La delegación paraguaya con funcionarios de la Zona Libre de Colon

Representatives of the Municipality of Asuncion, Paraguay, visited the Colón Free Zone to see how the logistics operate in the zone.

This delegation was comprised of Dr. Emilio Baez Maldonado, International Director for the Municipality and Dr. Edgardo Samaniego, a lawyer and director of Paraguayan Customs companies, who are conducting preliminary studies for the establishment of a free port in Asuncion and wanted to learn about the functioning of the Colón Free Zone.

The commission […]

There is more going on here than meets the eye

Charter boats offer great sea adventures

By Ilene Little

Why we love the ocean

Oceans, lakes, rivers, pools, even fountains can irresistibly affect our minds. Reflexively we know this: there is a good reason why a view of a beach is more appealing than a view of a stockyard. There are logical explanations for our tendency to go to the water’s edge for some of the most significant moments of our lives. But why? And why do some feel the need to […]

Ports of Panama move 3.3 million TEUs in three months

Movimiento de carga en puertos panameños aumentó

Panama’s ports moved 3.3 million TEUs (20-foot container equivalents) during the first semester, or a 1.3% growth compared to the same period last year.

On average the Panamanian port system moved 500,000 TEUs per month, according to statistics released by the Panama Maritime Authority (AMP).

The behavior of the growth in cargo movement was expected by port operators, said the president of the Panama Chamber of Shipping, Juan Carlos Croston.

The delay of the Canal […]

Week in Review – Vol. 33 No. 42

NON VIABLE CANAL

President Juan Carlos Varela said in Madrid that he could not see “economic viability” of the Nicaragua Canal, while he set the date for “early 2016” of the expansion of the Panama Canal. “Panama is well advanced in the expansion of its canal, i.e., we do not see much economic viability in a project to cost $70 billion,” said Varela, referring to the Nicaraguan project, when he spoke during a breakfast briefing […]

European Commission approves CSAV and Hapag-Lloyd merger

Compañía Sud Americana de Vapores (CSAV) and German shipping company Hapag-Lloyd took a new step on September 11 in the process of completing the merger of their container businesses after approval of the transaction by the European Commission.

The approval of the entity was given in the framework of the consultation process by competition authorities around the world that both companies are making and whose approval is a condition to closing the transaction.

The decision […]