Panama Canal Recovers Market in Routes to AsiaTuesday, August 2, 2016 With the entry into operation of the new locks, the Panama Canal is beginning to regain market lost in recent years to the Suez Canal. 60% of vessels transporting cargo between Asia and the United States now passes through the new locks, up from 40% earlier this year. Until the opening of the expanded canal, this market share of maritime cargo went through the Suez Canal. Worldwide Concern Over Canal Expansion ConflictWednesday, January 8, 2014 The threat of paralyzing the work of the third set of locks of the Panama Canal is keeping maritime and port operators around the world on tenterhooks. The conflict between the construction consortium (GUPC) headed by the Spanish Sacyr and the Panama Canal Authority (ACP), which originated over the demand for the first payment of $1.6 billion in cost overruns and the ACP's rejection of that claim, threatens to extend the opening of the expanded waterway, through which 5% of the world's maritime cargo passes, to beyond 2015. Forum on Maritime Security and Port ProtectionFriday, November 7, 2014 From November 24th to 27th representatives from the industry in Central America and other regions will be gathering together in Panama City to discuss issues related to maritime safety and port development. From a statement issued by the Network for Protection of Ships and Port Facilities: Panama Logistic Summit in March 2016Thursday, February 4, 2016 On March 11 the second edition of the event will be held which will present opportunities for business development that will arise from the opening of the third set of locks of the Panama Canal. The Panama Maritime Chamber is organizing the event called Logistic Summit 2016: Logistics in the Americas after the Canal Expansion on March 11. 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: Forum on Maritime and Logistics TradeMonday, June 27, 2016 On July 19 shipping companies, logistics and other sectors related to the port industry will be meeting in Panama to discuss issues and opportunities arising from the expanded canal. The event, organized by the Maritime Authority of Panama, will be held at the Hotel Intercontinental Miramar, from 1 pm. Maersk and the Expanded CanalMonday, April 25, 2016 The shipping company has drawn attention to the impact that the Canal expansion will have on its operations noting that there are still only a few ports that can receive Post Panamax vessels. The two routes that the Danish shipping company Maersk Line ceased to operate in 2013 were of great importance for Latin America, whose operations account for 10% of the company's total sales worldwide. Maritime Service From Eastern U.S. to South American PacificTuesday, June 10, 2014 A new weekly service by APL will go to Valparaiso, Callao, Buenaventura, Balboa, Manzanillo, Jacksonville, New York, and Charleston. An article on Prensa.com reports that the head of Latin America Markets for APL, Efrain Osorio said that "... this new service will provide a faster journey time for the U.S. market for reefers and dry goods, with modern equipment and priority for handling refrigerated cargo. " Better Logistics for Trade with AsiaMonday, January 11, 2016 The arrival of the first ships with capacity of 13 TEUs at the Panamanian port of Balboa is evidence of how shipping services are changing, a prelude to the opening of the expanded Canal. Trips taken by cargo bound for East Asia with two major shipping companies in the world, Maersk Line and MSC, will be shorter, thanks to the port at Balboa now being able to manage ships carrying over 13,000 TEUs's, a capacity which is close to the amount carried by ships which will pass through the expanded Canal. 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. Maritime Industry Meeting in PanamaFriday, September 8, 2017 From September 27th to 29th, companies from the maritime sector will be meeting in Panama to discuss issues related to technology, rules and regulations in the industry. From a statement issued by the Maritime Chamber of Panama: Central American Port Meeting 2015Thursday, June 4, 2015 From June 16th to 19th representatives from the region's port industry will be meeting in Panama at the XXXVII Port Meeting of the Central American Isthmus. From the website of the Central American Commission on Maritime Transport (COCATRAM): Opening of Panamanian Market for Maritime ServicesThursday, October 30, 2014 A bill introduced by the government intends to streamline access to the Panamanian market for foreign companies in the provision of maritime auxiliary services. Excerpted from the bill introduced by the government of Panama: The Container Transshipment BusinessWednesday, October 14, 2015 In order to analyze the impact that Panama Canal expansion will have on this sector it is necessary to dissect the current numbers on movement and transshipment of containers in Latin America. From a report by the United Nations Economic Commission for Latin America and the Caribbean (ECLAC): Congress on Water Transport in PanamaThursday, March 22, 2018 From May 7 to May 11, 2018 companies working in the international maritime industry will be gathering together in Panama City to discuss technical, economic and environmental issues related to water transport infrastructure. From May 7 to 12, 2018, Panama will host the 34th World Congress of the World Association of Aquatic Transport Infrastructures (PIANC). |
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