Vol. 36#22

Maersk looks cautiously at containerized maritime transport forecast for 2018

Maersk Line has assured that international transport tariffs are reversing after rising for most of this year, raising questions about the sustainability of the recovery of world trade, Bloomberg has reported.

Oversupply problems for decades have bogged down the demand for containerized maritime trade in the third quarter, Steve Felder, executive director of the Maersk South Asia unit based in Mumbai, said in an interview.

“We have started to see some sectors with downward pressure,” […]

Week in Review December 27

TOP SPOT

In 2018 Panama will have the greatest economic growth in Latin America and the Caribbean, it was announced the Economic Commission for Latin America and the Caribbean (ECLAC) from Santiago, Chile. Cepal estimates that the country will grow 5.5%; while 2017 will close with 5.3%, when they projected 5.6%.

STRONG HAND

The Panama Canal Authority (ACP) will contribute $1,650 million to the National Treasury, which represents $50 million more than what was budgeted. […]

Panama and Vietnam sign agreement on seafarers

For the benefit of seafarers of the maritime administrations of Panama and the Socialist Republic of Vietnam, as well as to reinforce cooperation ties between both nations, an agreement was signed within the framework of the 30 Session of the International Maritime Organization (IMO) Assembly.

The cooperation agreement for the recognition of the training and certification of seafarers, based on Rule I /10 of the International STCW’78 Amendment, as amended, was achieved after one year […]

MOP presents details of fourth bridge over Canal

Maqueta del Cuarto Puente sobre el Canal.

The Minister of Public Works, Ramón Arosemena Crespo, presented before the Board of Directors of the Panamanian Chamber of Construction (CAPAC) everything related to the megaproject of the fourth bridge over the Panama Canal. This work will improve the connectivity of more than 1.7 million residents of the West side of the country.

The fourth bridge over the Canal is an unprecedented and very important project for the country, since it includes a unique cable-stayed […]

Enticement required to promote Panamanian seafarers

Miembros de APOM en la Plaza de la Catedral.

By Marijulia Pujol Lloyd

For many years Panamanian seafarers and graduates from the Panama and Colon International Maritime University have fought through the auspices of the Panamanian Association of Merchant Navy Officials – Asociación Panameña de Oficiales de Marina (APOM) to be part of the national merchant navy, which currently has 8,200 ships registered. However, not even 1% of these ships’ crews have Panamanian nationality.

The APOM blames the Panama Maritime Authority (AMP) which historically […]