$400 million Investment in Port Rodman AnnouncedTuesday, April 21, 2015 Port of Singapore Authority plans to invest $400 million in its container terminal in Rodman, to increase capacity by two million TEU's and accommodate vessels carrying up to 24 rows of containers. The construction of two additional docks and installation of eight gantry cranes is expected to allow for "... accommodating vessels with up to 24 rows of containers." With this project the aim is to expand port capacity at the Pacific entrance to the Canal. Port Expansion Approved in PanamaMonday, August 19, 2013 The Panama Canal Authority has authorized the expansion of the Rodman Container Terminal, owned by PSA International. According to Jorge Quijano, administrator of the Panama Canal, it is now up to the Panama Maritime Authority (AMP) to give final approval to the extension. India: More Controls on Animals and PlantsWednesday, May 22, 2013 A proposal has been made in to parliament for a new law creating a central body to control, eradicate and manage pests and diseases in plants and animals in the country. From an article by the Costa Rican Trade Promotion Office (PROCOMER): $720 Million Wind Farms Announced in PanamaTuesday, July 13, 2010 Energy & Environmental Engineering Corp is to invest $720 million in two wind power projects at Anton Sur and La Colorada. The renewable energy projects are each expected to provide 90 megawatts to the Panamanian national grid. Air Panama interested in flights to Cayman IslandsMonday, January 30, 2012 Airline still to apply to aviation authorities of Cayman Islands. If approved, flights would start in February Air Panama intends to open a new route, flying from Panama to Cayman Islands. If approved, the airline may start with a twice-weekly service since February, the CayCompass.com website reported. Construction of Panamanian Pacific Port AdvancesTuesday, March 22, 2011 With a $100 million investment, the port terminal being developed by Singapore Ports Authority (PSA) is progressing according to schedule. The terminal will be the second largest port in the Pacific and will have a capacity to move 450 thousand containers per year. FAA Opens Regional HQ in PanamaThursday, February 25, 2010 The U.S. Federal Aviation Administration (FAA) has inaugurated its regional office for Central America and the Caribbean in Panama. It will operate from the U.S. Embassy in the country, and will be headed by Daniel Castro. Grand Canal: Ancillary Works for Local BusinessesWednesday, January 7, 2015 The consortium formed by the Nicaraguan Llansa Ingenieros, NAP Ingenieros y Nicaragua Ingenieros S.A has been subcontracted by HKND for preliminary works. Elnuevodiario.com.ni reports that "...The works which began on December 22 consist of the construction of five temporary access roads, improving two existing access roads near port Brito and the West Lock proposed for the Canal, the clearing of a strip of 50 meters along the center line of the proposed route for the Canal and auxiliary facilities. " Online Auction of Best Panamanian CoffeeTuesday, May 24, 2011 Lots of coffee from 30 plantations will compete in this year's auction entitled ‘The Best of Panama 2011’. Buyers from U.S., Japan, Australia, Taiwan and Europe among others, will participate in the on-line auction on May 24, 2011, said Francisco Serracín, of the Specialty Coffee Association of Panama. Panama Logistics Expo 2009Thursday, April 2, 2009 On October 14 and 15, companies will show their products and services, forming contacts between themselves and potential customers. Panama Logistics Expo 2009, to be held at the Vasco Núñez de Balboa Convention Center, will bring together multinational companies, suppliers, government representatives, consultants, agents and freight and passenger transport companies. ‘Geisha Natural’ Coffee Dominates Online AuctionWednesday, May 25, 2011 A new variety of coffeee called Geisha Natural participated for the first time in "Best of Panama" competition, and reached the highest price in the auction. The coffee from the Don Pachi State farm was sold at $111.50 a pound. Ex-Im Bank Offers Panama FinancingWednesday, May 23, 2012 The Export Import Bank of the U.S. is interested in companies or infrastructure projects in key sectors. "We are interested in financing infrastructure projects in the logistics sector, ports, energy and roads, which are key to the commercial movement in this country", said the executive Sean Mulvaney, a member of the board of the U.S. government agency, who recently visited the canal country. Honduras: The Dry Land Panama Canal?Thursday, August 14, 2008 Honduras lies just about 1,000 miles southwest of Miami. A great location for commerce with the U.S. Antonio Young is the Executive Vice President of FIDE, Honduras’ Foundation for Investment and Export Development. He says Honduras’ strategic location provides an invaluable access to Latin American markets. And, with the continued development of Honduras’ north-south highway, called the Logistic Corridor, Antonio says Honduras could be the dry land version of the Panama Canal. Panama makes it onto the financial map of the worldMonday, May 5, 2008 At 0800 hours Monday the Tenth Annual Caribbean Conference of Step got underway. Step is an organization founded in 1991 in the United Kingdom, with a membership of experts in finance and administration of wealth. The president of the Panama chapter of Step, Dayra Berbey de Rojas of Morgan & Morgan, said it's important for Panama to be active in this activity because it promotes the nation's image as an important provider of investment services. Thailand and Panama Strengthen Commercial TiesWednesday, July 28, 2010 The Panamanian Chamber of Commerce and the Thai trade office have signed an agreement that seeks to build closer commercial relationships. The agreement includes plans to exchange information about investment opportunities and initiate trade missions to incentivize commerce between both countries. |
![]() |