The Panama Maritime Authority extended for a 25-year term and in favor of the Panama Ports Company, the contract for the development, construction, operation, administration and management of container terminals.
The Board of Directors of the Panama Maritime Authority declared itself in permanent session as of May 27, 2021, for the purpose of analyzing compliance with Contract Law No. 5 of January 16, 1997, for the development, construction, operation, administration and management of container, ro-ro, passenger, bulk cargo and general cargo terminals with their respective infrastructure, installations, facilities and physical areas in the Ports of Balboa and Cristobal, between the State and the Panama Ports Company, S.A., according to an official statement.
As a result of the global trade imbalance that has become evident in the last year and the considerable increase in logistics costs, Guatemalan importers are beginning to look to Brazil as an option to replace purchases from Chinese companies.
In early March of this year, CentralAmericaData reported that as a result of the imbalance faced by world trade flows, shipping lines have changed their routes and prefer to move empty containers to Asia, a situation that at that time already generated shortages and caused increases in transport rates.
Costa Rica bids for basic and detailed engineering, supply of materials and equipment, construction, commissioning and technology transfer for two pyro-tubular boilers at the Moin Terminal.
Salvadoran businessmen expect that at a local level the food, plastics and textile sectors will be the most affected by the increase in the prices of some raw materials and the prices of maritime freight.
This phenomenon has been announced for weeks. At the beginning of March, CentralAmericaData reported that due to the imbalance faced by world trade flows, shipping lines have changed their routes and prefer to move empty containers to Asia, a situation that generates shortages and causes increases in freight rates and raw material prices.
After Panama's National Assembly approved a legislative bill that sets the minimum wage for workers in the maritime industry at $4.15 per hour, local businessmen have expressed their disagreement.
The document approved in third debate, establishes in its articles that workers of concessionary companies, contractors and subcontractors of ports and maritime transport terminals will earn a minimum wage of $4.15 per hour throughout the national territory, informed the National Assembly on April 12, 2021.
The time and cost of maritime routes between Costa Rica and China, and the capacity that the food industry develops to take advantage of existing opportunities, are factors that in the coming years will influence the evolution of the FTA signed between the two countries.
Ten years after the entry into force of the Free Trade Agreement between China and Costa Rica, Costa Rican authorities assure that they are in a continuous negotiation process involving the National Animal Health Service (Senasa) and the State Phytosanitary Service (SFE).
Arguing that three inconsistencies were detected, the General Comptroller's Office of Guatemala ordered to temporarily suspend the bidding of the contract for the improvement of the breakwaters of Port Quetzal.
This is the public tender called "Improvement of Port Infrastructure East and West Breakwaters", which on March 3 was awarded to the company Supervision, Construccion y Mantenimiento, S.A., for $62 million.
Due to the imbalance in world trade flows, shipping lines have changed their routes and prefer to move empty containers to Asia, a situation that generates shortages and causes increases in freight rates and raw material prices.
In this scenario of new commercial reality, the operating costs of maritime freight have been impacted, since due to the restrictions imposed in several countries around the world, containers have been stranded.
The Panama Maritime Authority tenders the operation services of the Balboa Shipyard facilities, which includes the rehabilitation, development and administration of the site, for a 20-year term.
Panama Government Purchase 2021-2-03-0-08-08-LV-008104:
Construcciones Integrales Avanzadas S.A., Supervision Construccion y Mantenimiento S.A. and Tecuntrac S.A., were the companies in Guatemala that submitted their proposals in the tender for the improvement of the east and west breakwater port infrastructure of Puerto Quetzal.
According to the opening minutes published in Guatecompras.gob.gt on February 17, 2021, the proposal submitted by Construcciones Integrales Avanzadas S.A. amounts to $61.9 million, that of Supervisión Construcción y Mantenimiento S.A. to $61.7 million and that of Tecuntrac S.A. to $59.5 million.
Mandatory use of low-sulfur fuel by ships, shortage of containers and priority for medical supplies and vaccines will push up sea and air freight costs.
As of December 15, the X-ray module began operating in the Guatemalan maritime terminal, which will serve to inspect, in a non-intrusive manner, the contents of the containers that are used to import and export goods.
The regulations that will apply for these non-intrusive verifications were published in the Diario de Centro America. The implementation of this system is an indispensable requirement for the certification of ports by the Coast Guard in national security issues and by the tax collector.
Dohwa Engineering, a South Korean firm, will be in charge of the feasibility study for the expansion of the maritime terminal in El Salvador.
The feasibility study for the Development Plan of the Port of Acajutla, will provide technical guidelines to execute the necessary investments, expand and upgrade its facilities, in addition to improving the operational efficiency of the port.
In order to ensure the supply of drinking water supply to half of the Panamanian population for the next 50 years, achieve water sustainability in its operations and guarantee its competitiveness, the Panama Canal will invest $2 billion.
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