America's crisis being felt on the Panama Canal

The Panama Canal Authority reports that number of ships carrying merchandise through the Panama Canal has remained static and is unlikely to improve next year, due to the economic slowdown in the United States.

Wednesday, June 18, 2008

However, it adds, representatives of the Central American Integration Bank say that some Israeli companies have shown interest in participating in the construction of the new canal.
These companies are interested in areas like agroindustry and biotechnology. They are also offering their expertise in water management, telecommunications, regional development and rural tourism.

More on this topic

Panama Canal Reports Record Figures

October 2017

The annual tonnage recorded at the close of fiscal year 2017 exceeded the tonnage moved through the Canal in 2016 by 22%.

The Panama Canal has set a record in annual tonnage at the end of the fiscal year 2017 with 403.8 million tons CP / SUAB, a measure of volume of the Universal Gross Tonnage System for Ships using the interoceanic way.

Shortage of Ports in the Panamanian Pacific

January 2016

It is not only the port of Corozal which needs immediate promotion, there is also an urgent need to keep building port infrastructure in order to take advantage of the Canal expansion.


The opinion of entrepreneurs in the logistics sector is unanimous: the forthcoming opening of the new and expanded Panama Canal locks should be the starting point for consolidating Panama as a major logistics hub for the hemisphere.

Panama Canal Vs. Suez Canal

October 2015

The Egyptian Canal has an advantage over the Panamanian one not only in terms of its effectiveness in adapting to changes in the shipping industry, but also in the use of the opportunities that it creates for the logistics sector.

The speed with which Egypt has extended -12 months, at a cost of $8.2 billion- gives it an advantage over the Panama Canal, and it is enough to note Maersk's decision to stop using the latter route for the former.

Panama Canal Awards Expansion Contract for Quality Assurance Material Testing

October 2009

The ACP announced that it awarded the contract to perform quality assurance material testing to Laboratorios Contecon Urbar Panama, S.A.

After thoroughly reviewing bid submissions and ensuring compliance with its regulations, the ACP confirmed the winner.

Key to the success of the new locks construction, Laboratorios Contecon Urbar Panama, S.A.

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