Search results for: panama

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  • 20 November 2013
    Business & Finance

    Yesterday in Panama City, Vice President Biden and President Martinelli discussed ways to strengthen U.S.-Panama economic cooperation in the context of global commerce and competitiveness. Panama is the fastest growing economy in the region, expanding 10.7 percent in 2012. Panama’s largest trading partner is the United States – accounting for approximately 23 percent of all […]

  • 1 September 2015
    Business & Finance

    Manzanillo International Terminal-Panama (MIT) received four new ZPMC Super Post-Panamax gantry cranes (with 25 container rows on deck) on Friday August 28, 2015, as part of its USD 270 million expansion plan that will increase MIT’s handling capacity to 4 million TEU from the existent capacity of 2.5 million TEU. Upon commissioning, expected by October 2015, a […]

  • 1 September 2015
    Business & Finance

    Manzanillo International Terminal-Panama (MIT) received four new ZPMC Super Post-Panamax gantry cranes (with 25 container rows on deck) on Friday August 28, 2015, as part of its USD 270 million expansion plan that will increase MIT’s handling capacity to 4 million TEU from the existent capacity of 2.5 million TEU. Upon commissioning, expected by October 2015, a […]

  • 31 December 2014
    Business & Finance

    The Panama Canal Board of Directors this week formally approved the development and construction of a transshipment port in Panama’s Corozal region. Upon completion, the port will have the capacity to handle more than five million TEUs within a 120-hectare area at the Canal’s entrance to the Pacific. The project is now awaiting the final […]

  • 31 December 2014
    Business & Finance, Equipment, Technology

    The Panama Canal Board of Directors this week formally approved the development and construction of a transshipment port in Panama’s Corozal region. Upon completion, the port will have the capacity to handle more than five million TEUs within a 120-hectare area at the Canal’s entrance to the Pacific. The project is now awaiting the final […]

  • 24 January 2017
    Business & Finance

    The expansion of the PSA terminal in Panama as well as the construction of the 800-meter long quay wall are taking shape. With the beginning of the quay and dredging works, a major step forward has been taken to transform PSA Panama International Terminal into a 2 million-TEU (20-foot equivalent units) facility, PSA Panama said […]

  • 27 May 2015
    Business & Finance

    Panama has taken another firm step toward boosting its capacity as an international transhipment hub with the groundbreaking ceremony marking the start of the expansion of PSA Panama International Terminal on the west bank of the Pacific Panama Canal entrance. The ceremony was hosted by the PSA Panama International Terminal (PPIT), which is investing over […]

  • 25 November 2015
    Business & Finance

    PSA Panama International Terminal has started works for the future 2 million-TEU (20-foot equivalent units) facility with the launching of the quay and dredging works. The works, approved by Panama’s National Assembly earlier this year, include the dredging and excavation of approximately 4 million cubic meters of material, as well as the construction of an 800-meter […]

  • 1 January 2015
    Business & Finance, Equipment, Technology

    The Panama Canal yesterday celebrated its 15 year anniversary under the leadership of the Panamanian Administration. During this period, the Panama Canal Authority (ACP) has proven its ability to efficiently operate the waterway, while providing a crucial service to global maritime trade and contributing to Panama’s development.   A Cutting-Edge Canal Since 1999, the Canal […]

  • 13 November 2014
    Business & Finance, Project & Tenders

    The Panama Canal Expansion reached another major milestone with yesterday’s arrival of the final shipment of gates. The gates for the new locks will be used for the Atlantic side of the project, two gates, and two for the Pacific. The four gates arrived on board the Post-Panamax vessel Xia Zhi Yuan 6, owned by COSCO Ocean Shipping, after […]

  • 11 May 2018
    Business & Finance

    Panama’s government agency is to investigate the Panama Canal Authority’s treatment of tugboat captains.

  • 12 November 2015
    Business & Finance

    A total of eleven of the world’s largest port operators have formally expressed interest in participating in a public bidding for the Port of Corozal, the Panama Canal Authority said on Tuesday. The port, which will be located on the Pacific side of the Canal, is set to play a major role in the development of […]

  • 14 June 2018
    Ports & Logistics

    Panama’s and Central America’s first liquefied natural gas (LNG) import terminal received on Thursday a commissioning cargo the from Cheniere’s Sabine Pass plant in the US. Engie’s 154,000-cbm LNG carrier Provalys docked at Panama’s Costa Norte LNG import terminal on Thursday morning, a spokeswoman for AES in Panama, one of the two developers in the project, confirmed […]

  • 10 October 2014

    CEO and Chairman of SCT&E LNG, Greg Michaels, has been invited to attend the Louisiana Business Development Trade Mission to Panama during the week of October 12-17, 2014. Organized by the Louisiana District Export Council in conjunction with the Louisiana Committee of 100 and the U.S. Commercial Service, the Trade Mission in Panama is a […]

  • 14 June 2017
    Business & Finance

    China’s Landbridge Group began construction of USD 1.1 billion worth Panama Colón Container Port (PCCP) located in Isla Margarita, province of Colón, near the Caribbean entrance to the Panama Canal. The first phase of the project, launched on Wednesday, June 7, consists of the construction of docks and a container yard with a capacity of […]

  • 24 February 2016
    Business & Finance, Equipment, Technology

    The largest infrastructure project since the waterway’s original construction, the Panama Canal Expansion Program, is now 96 percent complete. The Pacific access channel is 99 percent complete and the third set of locks is now 95 percent complete. When fully complete, the new set of locks will double the capacity of the Panama Canal, creating […]

  • 16 May 2013
    Business & Finance

    Maersk Line CEO Søren Skou visited the Panama Expansion construction site accompanied by Panama Canal Administrator Jorge L. Quijano during his recent trip to Panama. Skou and other Maersk Line executives had the opportunity to see the construction site of the new locks in the Atlantic side, which will allow the transit of Post-Panamax vessels […]

  • 13 September 2017
    Business & Finance

    The fleet of classic Panamax containerships of 4,000-5,300 TEU dropped to 543 units, against its peak of 670 witnessed in 2013, according to Alphaliner. The obsolescence of the classic Panamax ships comes on the back of the opening of the new Panama locks in June 2016, which allowed much larger Neo-Panamax ships to transit between the […]

  • 17 February 2016
    Business & Finance, Project & Tenders

    With only few months left till the official opening of the expanded Panama Canal, the ACP (Panama Canal Authority) and Grupo Unidos por el Canal (GUPC) have just released their latest video on the expansion project. Panama Canal Expansion Project, also called the ‘Third Set of Locks Project‘, is the largest infrastructure project since the waterway’s original construction. When fully complete, […]

  • 21 June 2013
    Business & Finance

    The Panama Canal has increased its tugboat fleet with the arrival of the first two of 14 tugboats that will improve the waterway’s resources to offer a safer and more efficient service to the global shipping industry. These tugboats will strengthen the Canal’s capacity for the operation of the Third Set of Locks. Cerro Itamut […]

  • 12 January 2015
    Research & Development

    Two extensive, unexplored submarine mountain chains are proposed as new open-water marine protected areas by the Republic of Panama based on scientific expertise from the Smithsonian Tropical Research Institute. Submarine mountain chains are recognized by the United Nations as conservation priorities. The MPAs would dramatically increase Panama’s total marine protected area from 3.54 percent to […]

  • 30 May 2014
    Business & Finance, Equipment, Technology, Vessels

    The Panama Canal Authority (ACP) will charter a Post-Panamax vessel before the opening of the expanded Canal to be used for training purposes in the Third Set of Locks. The Executive Vice President of Operations Esteban Saenz said that the Panama Canal will charter a Post-Panamax ship to train pilots and tugboat captains that will assist in […]