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. Logistics Costs Rising: Companies Aim at BrazilThursday, June 17, 2021 As a result of the global trade imbalance that has become evident in the last year and the considerable increase in logistics costs, Guatemalan importers are beginning to look to Brazil as an option to replace purchases from Chinese companies. In early March of this year, CentralAmericaData reported that as a result of the imbalance faced by world trade flows, shipping lines have changed their routes and prefer to move empty containers to Asia, a situation that at that time already generated shortages and caused increases in transport rates. Increase in Raw Materials Costs: Which Sectors Will Be Affected?Tuesday, April 20, 2021 Salvadoran businessmen expect that at a local level the food, plastics and textile sectors will be the most affected by the increase in the prices of some raw materials and the prices of maritime freight. This phenomenon has been announced for weeks. At the beginning of March, CentralAmericaData reported that due to the imbalance faced by world trade flows, shipping lines have changed their routes and prefer to move empty containers to Asia, a situation that generates shortages and causes increases in freight rates and raw material prices. Trade Agreements, Challenges and OpportunitiesThursday, April 8, 2021 The time and cost of maritime routes between Costa Rica and China, and the capacity that the food industry develops to take advantage of existing opportunities, are factors that in the coming years will influence the evolution of the FTA signed between the two countries. Ten years after the entry into force of the Free Trade Agreement between China and Costa Rica, Costa Rican authorities assure that they are in a continuous negotiation process involving the National Animal Health Service (Senasa) and the State Phytosanitary Service (SFE). Maritime Terminal Improvements: Award SuspendedTuesday, March 9, 2021 Arguing that three inconsistencies were detected, the General Comptroller's Office of Guatemala ordered to temporarily suspend the bidding of the contract for the improvement of the breakwaters of Port Quetzal. This is the public tender called "Improvement of Port Infrastructure East and West Breakwaters", which on March 3 was awarded to the company Supervision, Construccion y Mantenimiento, S.A., for $62 million. Logistics Mismatch Pushing Costs UpwardFriday, March 5, 2021 Due to the imbalance in world trade flows, shipping lines have changed their routes and prefer to move empty containers to Asia, a situation that generates shortages and causes increases in freight rates and raw material prices. In this scenario of new commercial reality, the operating costs of maritime freight have been impacted, since due to the restrictions imposed in several countries around the world, containers have been stranded.
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: Three Tenders to Improve Maritime TerminalThursday, February 18, 2021 Construcciones Integrales Avanzadas S.A., Supervision Construccion y Mantenimiento S.A. and Tecuntrac S.A., were the companies in Guatemala that submitted their proposals in the tender for the improvement of the east and west breakwater port infrastructure of Puerto Quetzal. According to the opening minutes published in Guatecompras.gob.gt on February 17, 2021, the proposal submitted by Construcciones Integrales Avanzadas S.A. Logistics: Cost Increases Forecast for 2021Monday, December 21, 2020 Mandatory use of low-sulfur fuel by ships, shortage of containers and priority for medical supplies and vaccines will push up sea and air freight costs. Although since the beginning of 2020 it is mandatory for vessels to use fuels that do not exceed 0.5% sulfur concentration, sector businessmen forecast that during the next year this regulation will continue to influence the escalation of operating costs in the logistics sector. Puerto Quetzal Checks Containers with X-RayWednesday, December 16, 2020 As of December 15, the X-ray module began operating in the Guatemalan maritime terminal, which will serve to inspect, in a non-intrusive manner, the contents of the containers that are used to import and export goods. The regulations that will apply for these non-intrusive verifications were published in the Diario de Centro America. The implementation of this system is an indispensable requirement for the certification of ports by the Coast Guard in national security issues and by the tax collector. 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.
BUSINESS OPPORTUNITY
International Tender: Marine Terminal ServicesThursday, August 20, 2020 In Honduras, tugging services are being tendered for the execution of docking and undocking of ships, for the maritime terminals of Cortés, Omoa, Tela and San Lorenzo. Honduras Government purchase LPI-ENP-01-2020: Foreign Trade: Delays and Rising Costs ExpectedMonday, August 17, 2020 A few days before the expiration of the crane service contract in Guatemala's Port of Santo Tomas de Castilla, local exporters expect a possible scenario of rising costs and slower operations. The crane service contract was in force for 10 years and will expire on September 6. So far, businessmen do not know clearly what is the status of the tender, which the National Port Company Santo Tomas de Castilla (Empornac), must make to award the contract.. 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). |
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