Panama - China Maritime Agreement

Vessels sailing under the Panamanian flag will receive benefits in port tariffs and preferential treatment in ports in the People's Republic of China.

Thursday, November 23, 2017

From a statement issued by the Presidency of Panama:

Panama reaffirms its leadership in merchant marine matters by receiving the status of "Most Favored Nation", with which vessels under their registry will receive benefits in port tariffs and preferential treatment in ports in the People's Republic of China.

This was stated in the maritime cooperation agreement signed within the framework of the first official visit by President Juan Carlos Varela, after the establishment of diplomatic relations with China on June 13.  Both countries signed another 18 agreements related to financial, commercial, logistics and cooperation matters. 

Read full release (in Spanish).

More on this topic

Grains from Brazil to Pass Through Panama Canal

March 2018

Through an agreement with the union of soy and corn producers in Mato Grosso, promotion will be given to the the transfer of grains from the north of Brazil to markets in Asia.

The Canal Authority reported that "...The agreement allows the coordination of joint marketing activities, exchange of market studies and information on commercial flows, as well as modernization and improvement programs."

Panama: New Office for Maritime Businesses in Miami

July 2017

The technical office of the Maritime Authority will operate 24 hours a day in order to facilitate the formalities for conducting maritime business on the US East Coast.

From a statement issued by the Port Authority:

As part of the celebration of the 100th anniversary of the Panama Ship Registry, the Panama Maritime Authority inaugurated its technical offices in Miami, Florida on Friday, in order to facilitate technical inquiries and respond to customers in the area.

Single Counter for Maritime Trade Procedures

June 2017

The Panama Maritime Authority and the governing body of the inter-oceanic canal have agreed to create a one-stop shop to expedite procedures and boost maritime trade.

From a statement issued by the Maritime Chamber of Panama:

In the development of the twenty-fifth session of the Cabinet Logistics, held in the Yellow House of the Presidency of the Republic, the Interinstitutional Cooperation Agreement was signed by the Panama Maritime Authority (AMP) and the Panama Canal Authority Panama (ACP), for the development and implementation of a Single Maritime Counter System of the Republic of Panama, (VUMPA). 

Puerto Manzanillo Up and Running Again

November 2013

After the partial paralyzation because of a strike by a group of employees, the loading and unloading of containers has started to accelerate.

Prensa.com reports that "they have managed to unload a large part of the containers that were in the harbor after the work stoppage on November 13 in the night by a group of employees who protested over the calculations used for working out overtime. "

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