September

Week in Review September 20

UNDP IN CFZ

The Colón Free Zone (ZLC) on the Caribbean coast of Panama, which is the largest free trade zone in the hemisphere, agreed to an alliance with the United Nations Development Program (UNDP) to modernize the institutional framework and promote markets in a transparent manner. UNDP’s resident representative in Panama, Harold Robinson Davis, said that the organization will make available to the CFZ its experience in the management and execution of projects of […]

China Merchants Ports buys port of Paranaguá, Brazil

China Merchants Ports has bought 90% of the Brazilian company TCP Participaçoes, which manages the port of Paranaguá, the second largest in the South American country, located in the State of Paraná (south), EFE reported.

The agreement between the two companies closed for about $935 million, TCP Participaçoes said in a statement to the financial market.

In 2016, China Merchants Ports, as a group, had investments in 28 ports and 188 docks for containers, six […]

IMO Secretary General to inaugurate maritime technology center at UMIP

La Universidad Marítima de Shanhai forma parte de la red MTCC.

The Secretary General of the International Maritime Organization (IMO) Kitack Lim, will inaugurate the new Regional Maritime Technology Cooperation Center (MTCC) of the Panama International Maritime University (UMIP) on October 4.

Lim, in the company of IMO staff and key figures from the European Union (EU) and the maritime industry, will formally initiate the ambitious IMO project, funded by the European Union (EU) and with operational headquarters in the UMIP, whose main objective is the […]

Panama ready to implement the Convention for the control of Ship’s Ballast Water

El Convenio Internacional para el Control y la Gestión del Agua de Lastre y los Sedimentos de los Buques protegerá el medio ambiente.

The International Convention for the Control and Management of Ships’ Ballast Water and Sediments, adopted in 2004 (BWM), comes into force on 8 September, and aims to prevent the spread of harmful aquatic organisms from one region to another, establishing standards and procedures for the management and control of ballast water and sediments of ships.

Accordingly, all ships engaged in international maritime transport must carry out their ballast and sediment water management in accordance with […]

Center promotes knowledge of Standards and Technology to boost economic development

Oficinas de GS1 en Panamá.

From code identification to complete traceability processes are topics explained at a Knowledge Center which has opened in Panama City so that the public can understand the benefits of the GS1 System and the technological advances it offers for logistics and economic development of the country.

This specialized center, an effort of GS1 Panama, similar to GS1 in various countries where it has a presence, has become a potential contributor for the training of thousands […]

AAPA’s Latin American Ports Congress will analyze world transport and commerce

Oscar Bazán de la ACP.

With the opening of the Uruguayan Minister of Transport, Victor Rossi, who will detail his vision of the country’s logistics projection, the American Association of Port Authorities (AAPA) will hold its 16th Latin American Ports Congress from November 6 to 9 in Punta del Este, Uruguay, hosted by the National Ports Administration of that country.

The themes of the Congress are framed in how trade and transport advances in the dilemma of a new world […]

Legal actions taken against PPC to recover unpaid dividends

Paul Wallace, Director Ejecutivo de Panama Ports Company S.A.

By Franklin Castrellón

Panamanian lawyer Pedro Meilán filed an action on August 25, 2017 before the Ministry of Economy and Finance (MEF) and the Comptroller’s Office in order to recover the dividends that, according to him, Panama Ports Co (PPC), a subsidiary of Hutchison Port Holdings, has stopped paying the State under the figure of “well hidden” assets.

Meilán bases his complaint on the fact that, in accordance with clause 2.4 of the Contract Law […]