More Maritime Services in Panama

Starting July 27, KTK Panama S.A. will offer towing services in the Panama Canal

Tuesday, July 20, 2010

The company has operated in the Caribbean for 25 years, and will start operating with two towing ships, one at Manzanillo International Terminal and another in Colon Container Terminal.

From the company’s press release: “KTK is convinced of the potential of Panama and is willing to participate in this market. The idea is to enter the market now, in order to serve the increase in demand that will occur starting on 2014, when the third set of locks is inaugurated”.



More on this topic

What Panama Loses By Not Having Port in Corozal

March 2017

New businesses in the segment of small shipping companies, and competitiveness in the maritime and logistics regional market is what the country is missing out on because of the delay in the construction of a new terminal.

One of the main points in favor of the construction of a port in Corozal is the business that could be generated in the segment of smaller shipping companies, which, according to entrepreneurs in this sector, have difficulty accessing the services they need because larger shipping companies are generally given priority attention at major ports.

Panama: Changes to Law on Auxiliary Maritime Services

June 2013

Amendments have been presented to the draft Law which states that 75% of the shares of companies in maritime services should belong to people of Panamanian nationality.

The legislator Yassir Purcait, will present changes in the first six articles of the draft which was taken up last week by the Committee on Trade and Economic Affairs of the Congress.

Panama: Maritime Auxiliary Services for National Companies

May 2013

A draft law states that 75% of the shareholders of companies engaged in maritime services should be of Panamanian nationality.

Modification of Decree Law 8 of February 26, 1998 has not yet been agreed with the various sectors, but it is assumed it will be discussed in the next few days in Congress.

Tugs for Panamanian Ports

December 2012

With a cost of over $15 million two new tugs belonging to companies of the Meyer's Group have joined the service in Panamanian Atlantic ports.

A statement from Meyer's Group reads:

Meyer's Group expands operations in the port sector of Panama

The companies that make up the entity, are committed to the expansion of the Atlantic ports, a factor that has motivated them to invest more than $15 million in the purchase of new equipment in order to strengthen their presence in the country and meet needs in Latin America and the Caribbean.

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