A total of 56 companies were sworn in as new members of the Panama Chamber of Commerce, Industries and Agriculture (CCIAP).
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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 [...]
FISHING PLUMMETS The fisheries sector accounted for only 0.8% of gross domestic product of Panama in 2012 because fishing yields have plummeted since 2009, mainly due to climate change and high costs. The situation concerns both private organizations and the government itself, as sustainable fisheries and aquaculture play a crucial role in food security and account for 17% of the protein consumed by the world population, according to a report presented by FAO on the [...]
Denmark’s Maersk Line, the world’s largest container carrier, will stop routing ships from East Asia to the US East Coast ports of Savannah, Charleston and Miami through the Panama Canal in April. From then on, the ships will travel through the Suez Canal. The new plan will use eleven 6,000-7,000 TEU ships that have been idle as a result of the closing of Maersk’s AE-9 Asia-Europe loop. This new Maersk service will replace the existing [...]