Vol. 32#30

Panama model in Economic Forum

Foro Económico Mundial en Panamá

The annual meeting of the World Economic Forum on Latin America, to be held in Panama in April, will view the dynamism and diversity of Latin American economies, human development, social and financial inclusion.

In addition, it will focus on investment opportunities in infrastructure, economic and institutional sectors and the environmental agenda, as a platform for sustainable development.

Panamanian Foreign Minister, Francisco Alvarez De Soto, met with the Senior Director for Latin America of the [...]

Copa Airlines announces expansion plans for 2013

COPA - More aircraft and new routes.
COPA –más aviones y nuevas rutas.

Copa Airlines has announced its plans for the coming year. These include an increase in flights to three of its key destinations, an expansion of its fleet, and the addition of a new service between Panama and Boston. Beginning in July 2013, the airline will increase its flight frequencies between Tocumen International Airport in Panama City, Panama and Orlando, Florida, Punta Cana, Dominican Republic, and Port of Spain, Trinidad and Tobago. To Orlando, flights will [...]

Mexico to invest $783.1 million in port projects

Key projects for the present Mexican administration in the maritime port sector will have an investment of $783.1 million, which will be used to improve and build new infrastructure in six Mexican ports. The Coordinator of Ports and Merchant Marine of the Secretariat of Communications and Transportation (SCT), Alejandro Chacón, stressed that it is necessary to invest in strategic sectors, with the saturation recorded in some port terminals. “What we have seen is that Mexico [...]

ExpoLogistica 2013 expected to unite logistic industry

Adolfo Noriega, President of the Organizing Committee of ExpoLogistics; Irvin A. Halman, President of the Chamber of Commerce, Industry and Agriculture of Panama and Rubén Berrocal general secretary of SENACYT. Adolfo Noriega, Presidente de la Comisión Organizadora de ExpoLogística, Irvin A. Halman, Presidente de La Cámara de Comercio, Industria y Agricultura de Panamá, Rubén Berrocal secretario general de SENACYT.

The seventh version of ExpoLogistica Panama 2013, will take place from September 19 to 21 at the ATLAPA Convention Center. This fair is an initiative of the Panama Chamber of Commerce, Industry and Agriculture (CCIAP) and the National Secretariat of Science, Technology and Innovation (SENACYT). The aim of the event is to promote the logistic industry of the country. ExpoLogistica is one of the most important logistic fairs of the region attracting exhibitors, investors and [...]

Barletta: 2013 should be a good year for logistics development

Nicolás Ardito Barletta.

Panama is one of the rising stars of Latin America’s economy. The construction of large infrastructure projects, such as the $5.2 billion Panama Canal expansion and a $1.8 billion subway in the capital city, have boosted the country’s economy to 10.5% growth and reduced unemployment to 4.8% in 2012. It seems that the real challenge for Panama will be to position itself as a world-class logistics hub if it wants to consolidate its recent economic [...]

Containerships of 18,000 TEUs enter service in June

Container ship size continues to grow -  now the Triple E.
Tamaño de barcos  porta-contenedores sigue creciendo - ahora el Triple E.

The Triple E, a new class of container ship 400 meters long will enter service in June, and will be the largest ship on the seas. Each will carry as much steel as eight Eiffel Towers and will have a capacity equivalent to 18,000 TEUs. These containers would rise above billboards, street lights and some buildings of Times Square, in New York. Or they could fill two lines of 30 trains of 1.61 km long [...]

Panama Maritime Authority (AMP) fights pirates

Can anyone imagine pirates operating in the Panama Canal? Not likely, since US gunboats would be at the waterway within hours. Fighter planes would arrive sooner. Alas, the situation is not the same for Panama-flagged vessels sailing in international waters – the world’s largest flagged fleet. To combat attacks, the Panama Maritime Authority (AMP) has now hired the AdvanFort Corporation to conduct counter-piracy operations aboard vessels flying the Panama flag. The resulting Resolution No 106-26-DGMM [...]