BUSINESS INTELLIGENCE
Global Supply Chain Crisis?Monday, October 4, 2021 COVID-19 and climate change have directly impacted the supply chains of the sectors and industries that generate the most economic output. Unfortunately, fiction has become reality, and a global pandemic coupled with sudden climate changes have increased these problems worldwide, also due to unforeseen events in logistics routes and the exponential increase in online shopping, forcing industries to increase the load of transportation, vehicles, staff and resources in general.
BUSINESS INTELLIGENCE
How to Use Transportation Analytics and its benefitsWednesday, September 8, 2021 Through data analytics it's possible to improve vehicle performance, reduce costs, improve processes, establish strategies, optimize routes and times, and foresee and identify problems, among others. Transportation analytics takes a variety of data ecosystems, helping industry leaders to use advanced analytical techniques such as machine learning, Big Data and geospatial data to optimize business strategies in the sector. 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. 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.
BUSINESS OPPORTUNITY
$18 Million for Operation of Maritime FacilitiesMonday, March 1, 2021 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: Guatemala Reopens BordersFriday, September 18, 2020 After six months of closing the borders to commercial flights, air transport has been reactivated from September 18 with the arrival of four aircraft from the United States. At the beginning of September, the Presidential Commission for Emergency Attention Covid-19 (COPRECOVID) had anticipated that the reactivation of operations at La Aurora and Mundo Maya International Airports would be carried out under the health protocols endorsed by health authorities and recommendations from International Civil Aviation. Study for Puerto Acajutla ExtensionFriday, September 11, 2020 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. Investing to Ensure CompetitivenessWednesday, September 9, 2020 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. The disbursement of the $2 billion will become the second highest investment made by the Panama Canal, since it invested $5.5 billion for its expansion, which will be completed in 2016. Maritime Transport: Too Expensive to Be SustainableThursday, June 4, 2020 Currently, transporting goods by sea between Central American countries can increase freight costs by at least 60% compared to the land option, which represents an obstacle to changing the way goods are transferred in the region. As a result of the closure of the Penas Blancas customs crossing, on the border between Costa Rica and Nicaragua, some businessmen in the region had to resort to the sea route in order to deliver their orders. Maritime Route Guatemala-ChiapasWednesday, April 1, 2020 After the Quetzal Port Company of Guatemala and the Port of Chiapas, Mexico, signed an agreement for strategic commercial promotion, it is expected that in May the short sea route will begin to operate. The potential offered by the Port of Chiapas as a logistic node for commercial exchange from and to Central America, as well as with other international markets, makes it a strategic place for the promotion of the Short Sea Shipping (SSS) project with Guatemala and eventually with other Mesoamerican countries, informed the Mexican Secretariat of Communications and Transport (SCT). Exports: Negotiating to Reduce CostsMonday, February 24, 2020 In Costa Rica, exporters insist that rates be renegotiated at the Moin Container Terminal, since currently the cost of moving a container at that terminal exceeds by about $207 what was paid at the Japdeva docks. The rates charged at the Moin Container Terminal (TCM) have been a matter of discussion for several months. When the maritime terminal was operating for one year, businessmen recognized that the efficiency of the premises had improved, but insisted that the rates should be reduced. A Salvadoran Port in Guatemala?Wednesday, January 29, 2020 The president of Guatemala offered the neighboring country to explore the possibility of El Salvador having a maritime cargo terminal in the Guatemalan Atlantic, a proposal that generates doubts among exporters. The announcement was made on January 27th, during a meeting between Alejandro Giammattei and Salvadoran President Nayib Bukele, on the occasion of the signing of the open skies agreement. Cargo Movement Still RisingThursday, January 23, 2020 Between January and November 2019, the national port system continued to record positive numbers, as 85 thousand metric tons of cargo were mobilized, a figure 11% higher than that reported for the same period in 2018. The General Comptroller of the Republic reported that only last November there was a 10% year-on-year increase in cargo movement, rising from 7.5 million metric tons in the eleventh month of 2018 to 8.2 million metric tons in the same period in 2019. Extension for Payment of Panama Canal FeeThursday, January 16, 2020 The Panama Chamber of Commerce requested the Panama Canal Authority to postpone the start of collection of the fee for the use of fresh water in the Canal, which would begin to be paid on February 15, 2020. On January 13, the Panama Canal Authority announced that this year "... the value of water will be incorporated into the line of other maritime services through a charge for fresh water, which will depend on the availability of the resource at the time of the vessel's transit. The freshwater charge is applicable to all vessels over 125 feet in length that transit the Canal: Panama: Cargo Movement FiguresThursday, December 12, 2019 Between January and October 2019, the national port system mobilized 77 thousand metric tons of cargo, a figure 11% higher than that reported in the same period of 2018. According to figures from the General Comptroller of the Republic only last October reported a 3% year-on-year increase in cargo movement, rising from 7.5 million metric tons in the tenth month of 2018 to 7.8 million metric tons in the same period of 2019. |
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