Panama Canal's Options For Facing Off CompetitionFriday, August 16, 2013 The Panamanian response, in the event of any of the inter-oceanic canal projects materialising, would be to create another expansion of the Canal. This was the announcement by Jorge Quijano, chief administrator of the Panama Canal Authority (ACP), after hearing about the intentions of Guatemala and Nicaragua to build two oceanic canals, on land or water. Spanish Companies in Panama in StalemateFriday, February 7, 2014 The accusation of blackmail hanging over the Spanish construction company Sacyr in its proceedings related to the Canal expansion, casts a shadow over all firms of the same nationality. An article printed in Spanish media outlet Invertia.com says "concerns of Spanish employers established in Panama have increased after the Canal Administrator Jorge Luis Quijano, censored the behavior of the construction firm Sacyr." Shipping Routes Return to Panama CanalTuesday, July 14, 2015 One of the routes is operated by Maersk Line from Asia to the US West Coast and the other by the company Hamburg Sud, going from South America to the Caribbean. The Canal Administrator Jorge Quijano, said these two new services will generate "between $25 million to $30 million each." Vessels operating the routes are of medium size and will start going through the canal in the coming months. A Fourth Set of Locks for the Panama CanalFriday, June 16, 2017 The Canal Authority has started a process of measuring and analyzing the current and projected demand for the inter-oceanic route in order to determine when to start the expansion. The Panama Canal Authority has already formed a group of experts to carry out analysis and technical studies for the future expansion of the Canal, which will depend directly on the behaviour of demand over the next few years. In the first year of operation, vessels larger than those initially planned have passed through the third set of locks. At the moment, according to Jorge Luis Quijano, the third set of locks generates 32% of revenues. Canal Expansion: New Locks to Operate in JuneWednesday, March 23, 2016 The government has announced that the opening of the expanded waterway will take place on Sunday 26 June and confirmed that the work is 97% complete. From a statement issued by the Foreign Ministry of Panama: Canal Expansion: Work Continues at 30% CapacityTuesday, January 21, 2014 The construction consortium has not carried out its threat to stop construction work at the end of the prescribed period, while Canal Administration prepares to take on the project. And on Monday there were revelations of another proposal by consortium Grupo Unidos por el Canal (GUPC) for the continuation of the work, which was that the parties in conflict co-finance the so-called contingency costs, while they wait for a decision from the arbitration proceedings established in the contract, over who should pay. The Future of Panama ExpandsMonday, June 27, 2016 The new canal enlarges the volume of ships that transit through it, as well as the opportunities for growth in a country whose economy was already booming. EDITORIAL $124 Million Expected at Expocomer 2016Wednesday, March 9, 2016 The trade fair in Panama starts with 120 buyers in Central America and the Caribbean in the Atlapa Convention Center. In 2015, Expocomer managed transactions totalling $124 million and for the 2016 edition the organizers expect a similar or higher figure, as it has now sold out, according to statements made to Anpanama.com by Raul Delvalle, President of the Organizing Committee of Expocomer 2016. ACP Prepares to Take Over Canal RedevelopmentThursday, January 9, 2014 As a precaution against the conflict not being resolved with the construction consortium, the Panama Canal Authority is already planning for the expansion works to carry on under its management. The administrator of the ACP, Jorqe Quijano, announced that on Monday January 13 there will be a meeting with Zurich, the project's insurer, noting that the Canal Authority has $548 million available for the financing of the work in letters of credit and $442 million in reserve. Logistics: Business Stolen from Panama?Wednesday, February 27, 2019 Because Colombian ports have a lower operating cost base than Panamanians, the South American country competes to appropriate the logistics business in the region. Until a while ago, Panama led the logistics operations in the region, however, there are some signs that indicate that this situation could be changing, since the growth in the movement of maritime cargo in the country has reported a slowdown in recent years. Tender Announced for Port CorozalTuesday, September 27, 2016 The ACP has approved the documents to tender in ten days a concession to one of the prequalified companies; PSA International Ltd, Terminal Link, Terminal Investments Limited and APM Terminals. From a statement issued by the Panama Canal Authority: Panama and Costa Rica Establish Measures to Streamline CustomsWednesday, November 30, 2011 The two countries have taken measures to facilitate trade by streamlining customs and phytosanitary procedures required for trade in goods between them. A press release from the Ministry of Commerce and Industry of Panama states that the Minister of Commerce and Industry of Panama, Ricardo Quijano will travel to Costa Rica on the first of December to meet with Minister of Foreign Trade, Anabel Gonzalez. Business Conference for Costa Rican and Panamanian EntrepreneursTuesday, March 26, 2013 Entrepreneurs from provinces of Chiriqui, Bocas del Toro and Veraguas, and from Costa Rica, are being invited to participate in the Business Conference 2013, to be held from 9 to 10 May in David, Panama. About 500 entrepreneurs and sales agents will gather at over 100 business roundtables, in order to create better business opportunities for MSMEs and large enterprises in Panama and Costa Rica. Panama Finalizes SIECA EntryTuesday, June 25, 2013 Finally the geopolitical reality has been imposed and the Canal country has been formally integrated into the community of Central America nations. It was "a great achievement" and one "longed for for many years by all Central American countries", this was Panama's accession to SIECA, an organ of the Central American Integration System (SICA), said Anabel Gonzalez, Costa Rican Foreign Trade Minister. Elections 2014: El Salvador and Costa Rica Go to Second RoundMonday, February 3, 2014 In scenarios where no candidate managed to win a direct election, the results of the first round confirmed the trends of voters to the left in both countries. In a second round on March 9th in El Salvador and on April 6th in Costa Rica the next presidents of both nations will be chosen, after two elections ended with no candidate receiving the required majority to be declared president. |
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