Panama Seeks to Register More International VesselsMonday, October 16, 2017 Starting from October 17, the Panama Maritime Authority will be opening new offices in London, Manila, and Dubai for the international registration of vessels. The aim of the Panama Maritime Authority is to have a closer relationship with international clients, and to increase registration of vessels from non-traditional markets such as gas, cruise ships and yachts, since "... ' the Panamanian flag has been famous for the large number of bulk cargo ships." Growing competition of Flag States in PanamaTuesday, February 5, 2013 A recently passed tax reform in Greece joins the other threats to the registration of ships in Panama. A tax reform recently passed by the Greek parliament could affect the registration of ships in Panama. Panamanian Maritime Chamber Membership More FlexibleMonday, November 21, 2011 The organization will open up membership to foreign ship owners registered in the country. For the first time in history, foreign-owned ships registered in Panama may join the Chamber of Shipping. Panama Encourages Registration of New VesselsTuesday, January 6, 2015 The Maritime Authority has implemented an electronic system that streamlines the process of flag registration and automates the application of economic incentives for newly registered boats. This new way of applying economic incentives for newly constructed ships simplifies the process and eliminates "... Panama Continues on Top in Maritime RegistryMonday, March 30, 2009 Some 765 thousand international cargo ships that will come into operation by 2010 have applied for a Panamanian flag. In the competition that several nations have for ship registry, Panama continues to exert its leadership, particularly in the important area of new vessels, followed by Singapore where 852 new ships have requested registry. Panama Purges Shipping RegistryTuesday, January 11, 2011 The country managed to get out of the gray list of the Paris Memorandum of Understanding (MOU Paris). According to a preliminary report by the Panama Maritime Authority (AMP), the registry indicates that of the 8.391 inspections conducted between 2008 and 2010, only 485 vessels were detained, some 64 below the limit, which was of 549. Still No Ferry Between Cartagena - PanamaFriday, June 8, 2012 The start of operations was announced for May 10 but the permits from the governments of Colombia and Panama are still lacking. Some internet postings point to the possibility that regional airlines are lobbying to prevent the activity of Cartagena-Colombia Ferry, which would pose serious competition. $6 Million Water Transportation ServicesFriday, August 2, 2019 The Costa Rican Institute of Fishing and Aquaculture tenders the services of six shrimp boats, their equipment and crew, as support for Incopesca projects. Costa Rica Government Purchase 2019LN-000002-0018600001: First Contracts for Port of La Unión in El SalvadorMonday, July 5, 2010 The shipping companies CMA/CGM and China Shipping are the first to make their operations in the Port of La Unión official. They will dock at the Salvadorean port once a week, reported the country's state-owned ports authority (CEPA). Boat Parts Factory in NicaraguaThursday, May 3, 2012 A U.S. company announces a $3.5 million investment in a plant in Chinandega to manufacture parts of hulls for catamarans. The company Mar y Sol, founded on U.S. World’s Second Largest Shipping Company Sets Up in El SalvadorMonday, April 6, 2009 Mediterranean Shipping Company (MSC) expects to attract between 10% and 12% of the Salvadoran market in its first year of operation. The company plans to move 50 to 60 thousand containers per year, focusing on routes to Asia, Mexico and South America. Tax Cuts to Promote TourismWednesday, July 25, 2012 Nicaragua's "Concertación Tributaria" (Tax Reform Discussion) includes a proposal to remove the latest taxes to registration of pleasure boats and aircraft. An article Laprensa.com.ni reports that Mario Salinas, chief executive of the Nicaraguan Institute of Tourism (Intur) noted the positive impact that a review and elimination of taxes collected on the registration of yachts and private aircraft, introduced in 2010, would have on the tourism sector. Water Treatment for ShipsTuesday, September 20, 2016 Before September 2017 Panamanian vessels weighing over 400 tons must install ballast water treatment equipment, ranging in cost from $900,000 to $2 million. Vessels in the Panamanian merchant fleet have until September 8, 2017 to purchase and install equipment for ballast water treatment and comply with the international convention for the control and management of ballast water and sediments. Bonuses for Flagging Vessels in PanamaMonday, August 3, 2015 In order to reduce the average age of the fleet the Maritime Authority is offering discounts until December 2016 of up to 100% on the rate of registration of new vessels. Resolution 106-67-DGMM published in La Gaceta: China as a Customer of the New Panama CanalTuesday, June 28, 2016 The Chinese giant Cosco Shipping Group has announced new business strategies, which involve the passage of ships carrying 14,000 TEUs through the Canal and transshipments on the Pacific coast. The interest of Cosco Shipping Group in transporting goods through the country confirms once again the need for Panama to accelerate approval of the project to build a new port terminal in Corozal, and with the same benefits as offered in other ports. |
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