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Acceleration of Maritime Procedures in PanamaThursday, September 21, 2017 The new maritime single window promises to speed up the transhipment process, improve port exit times and reduce the use of paper through a digital system. From a statement issued by the Panama Canal Authority: Panama: Improvements to Merchant Marine ServicesFriday, June 27, 2014 A proposal has been made for issues related to merchant shipping abroad to be treated by an entity supported by the Maritime Authority and not by traditional consulates. Separating the management of affairs of the merchant marine services from those provided by traditional consulates is the proposal submitted to the Panamanian Maritime Law Association (APADEMAR). The lawyer who drafted the proposal believes that "... currently, the consuls of traditional Foreign Ministry services have been commissioned to run the business of registering flags. But the results have not been the best because it is not a political service. " Panama: Maritime Licenses SuspendedMonday, October 5, 2015 The maritime union is opposed to the decision of the Maritime Port Authority to suspend the licensing for service provisioning and transport of fuel. The only companies exempt from the measure are those with an existing direct contract with any oil company, according to the letter sent by Gerardo Varela, General Director of Ports and Auxiliary Maritime Industries at the AMP, to the Maritime Chamber of Panama, shipping companies and users of the entity. Maritime Industry: Opposition to Wage ChangesWednesday, April 14, 2021 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. Panama: State Will Assess Marine LicensesThursday, July 24, 2014 Validation of licenses granted to naval officials will now be the task of the Panama Maritime Authority. While the transition from the company Orion to the Panama Maritime Authority (AMP) is carried out, the evaluation of licenses for marine officials will be temporarily suspended. Panama: Setback in Maritime Investment PolicyMonday, June 24, 2013 Regulations require companies to have majority Panamanian ownership; this poses a serious obstacle to the industry. An article in Thebulletinpanama.com reports on protests generated by the adoption of Law 41, which states that at least 75% of the shares of companies involved in the auxiliary maritime industry must be owned by Panamanians. Panama: Changes to Law on Auxiliary Maritime ServicesMonday, June 10, 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. "The content of the legislative initiative has been rejected by most of the maritime business community because it restricts the participation of foreign investment in maritime auxiliary services", reported Prensa.com. Panama: Audit of Flag Certifications for ShipsThursday, December 18, 2014 From January 2015 companies that inspect and certify foreign ships under the Panamanian flag must be audited by the Maritime Authority so that the quality of services provided can be assessed. From the resolution given by the Board of the Maritime Authority of Panama: Panama Maritime IX: February 8 - 11Tuesday, February 3, 2009 Operators from more than 20 countries will participate in the four day port event, considered to be the most important one in the region. The inauguration will be held on February 8, 2009 and will include the presence of the Secretary General of the World Maritime Organization (OMI), Efthimios Mitropoulos, who will be the main speaker along with important local and international guest speakers from the shipping world. Naval Mortgages Have New Rules in PanamaTuesday, March 17, 2009 There is a new procedure for executing liens on mortgaged vessels. In an article in Prensa.com, Eduardo de Alba, a specialist in maritime law, explained that "for a creditor to be able to claim the lien right, there must be prima facie (in the first instance) evidence of: a) the registration of the vessel with the annotation of the naval mortgage and lien being applied and, b) the amount secured along with a summary of it, together with the claim." Incentives for Vessel Registration in PanamaTuesday, August 26, 2014 Discounts of up to 35% on the registration fee and the annual consular fee will be granted to the ships registered under the Panamanian flag. Through a resolution published in the Official Newspaper La Gaceta, the Directorate General of Merchant Marine Services has been authorized to grant discounts, additional to those contained in the legislation, to those who register ships under the Panamanian flag. Panama Ports Company Contract ExtendedThursday, June 24, 2021 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. More Challenges to Maritime Services ActTuesday, June 11, 2013 At the Office of International Trade Negotiations at the Ministry of Commerce the negative impact that it would have on the country's maritime activity has been noted. The law has been harshly criticized by the Ministry of Commerce and Industry (Mici), who also considered that the agreements violate promotion and protection of investments and trade agreements signed by Panama. Auxiliary Maritime Services Affects Agreement with EUFriday, September 20, 2013 Law 41, which limits foreign investment in companies engaged in auxiliary maritime services, could jeopardize trade relations between Panama and the EU. Prensa.com reports that "The law, passed in June of this year, states that 75% of the shares of companies engaged in auxiliary maritime services for barges and boats must be owned by Panamanians". Panama: Maritime Industry Opposes Tax ReformThursday, June 17, 2010 Shipping companies are against a bill that will add a 1% tax to freight headed to or starting in Panama. Gullermo Márquez, from the Maritime Chamber, stated that applying the Income Tax (ISR) on these freights, “could have a dramatic effect”, making imports and exports more expensive. He demanded the government to maintain the current levy. |
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Monday, February 6, 2023 - last update: Thursday, 9:43 pm
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