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. 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 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. 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. Shortage of Ports in the Panamanian PacificFriday, January 22, 2016 It is not only the port of Corozal which needs immediate promotion, there is also an urgent need to keep building port infrastructure in order to take advantage of the Canal expansion. EDITORIAL China's Coscon launches new multimodal service in PanamaTuesday, July 8, 2008 Cosco Container Lines (Coscon) launched a new multimodal service in the Panamanian port of Balboa that links Asian markets with Mexico, Panama and the Caribbean. The new service, known as the China Central America Express, was launched by the Cosco Sidney vessel that unloaded about 1,000 containers in Balboa for transport by rail to Colón. Expocomer to Open Its Doors in Panama TomorrowTuesday, March 3, 2009 Expocomer 2009 will be held at the ATLAPA Convention Center until March 7. Twenty-seven countries and fourteen trade missions will participate. Manuel Luna wrote in an article in Laestrella.com.pa: "This time the exhibition will focus on technology products and products related to the proposed Panama Canal expansion. The president of the Chamber of Commerce, Juan Ramón Varela, said that there is much optimism in achieving figures similar to the ones last year in terms of economic transactions." The Maritime Industry Impacted by the CrisisThursday, February 12, 2009 Compared to the 2007 record of 8 billion tons in transports, global maritime commerce fell substantially in 2008, dragged down by the crisis. A good indication of this is the decrease in the Baltic Dry Index, which is composed of the prices of the maritime transportation of dry cargo. In November 2008, the index was 891 points while the index had reached 11,973 in May of that year - suffering in that period a fall of 11 times its value. Panama Wants to Be Part of EU AgreementThursday, August 20, 2009 It requested Central America's support to convince the EU of admitting its inclusion even though it doesn't belong to SIECA. The European Union has insisted that an Association Agreement must be negotiated with the entire region. They consider membership in the Central American Economic Integration Secretary (SIECA) as an indispensable requisite to consider a country as a participant of the Agreement. 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 Formally Joins Central AmericaWednesday, May 8, 2013 With the formal integration of the canal country into SIECA, what was a geopolitical contradiction has been corrected, because Panama always should have been part of Central America. From a press release from the Central American Economic Integration Secretariat (SIECA): 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. Netherlands Opens Embassy for Central America in PanamaTuesday, June 25, 2013 It chose to set up the embassy in Panama because of the advantages offered by the country for the projection of Dutch investments in the region. From a press release by the Ministry of Foreign Affairs in Panama: Honduras gets to work on the Dry CanalTuesday, July 8, 2008 Honduras has begun construction of its stage of the "Dry Canal", the Central American inter-ocean highway. The project is backed by the Central American Bank for Economic Integration (BCIE). The 100-kilometer route is to link Goascorán, on the border with El Salvador, with Villa de San Antonio in central Honduras. Opportunity for Supplying Vessels in PanamaThursday, November 6, 2014 Analysis of the characteristics of the business of supplying ships in Panama, participating companies, products and services required, and eligibility requirements. From a statement issued by the Costa Rican Foreign Trade Promotion Office (Procomer): |
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