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 […]

  • 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 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 […]

  • 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 […]

  • 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 […]

  • 13 June 2016
    Business & Finance

    The container vessel COSCO Shipping Panama is now on its way to Panama to make history – the inaugural transit of the Expanded Panama Canal on Sunday, June 26. During the inauguration, COSCO Shipping Panama will transit Agua Clara Locks on the Atlantic side during the early morning and Cocoli Locks in the afternoon. The regular schedule […]

  • 15 August 2013
    Business & Finance

    The Panama Canal Authority (ACP) begins today the countdown for the centennial celebration as it commemorates its 99th anniversary. The countdown’s events will highlight the waterway’s contribution during the past 100 years and the efforts underway to face the challenges of the upcoming decades. The countdown began with the presentation of the Panama Canal Centennial […]

  • 23 July 2013
    Business & Finance

    According to the latest AmericasBarometer survey, the Panama Canal Authority is considered one of the most trusted institutions in Panama. The survey is coordinated by Vanderbilt University in Nashville, Tennessee with the support of the United States Agency for International Development (USAID). The Panama Canal has a 69.8% trust index, right below the Catholic and […]

  • 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 […]

  • 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, […]

  • 27 January 2015
    Business & Finance, Project & Tenders

    Dredging is a daily activity at the Panama Canal ensuring the safe passage of ships through the waterway. Also, dredging plays major role in the Panama Canal Expansion Program, the largest project at the Canal since its original construction.  The Panama Canal Expansion began on September 2007 at a total cost of $5.2 billion. The project will create a new […]

  • 25 March 2014
    Business & Finance, Equipment, Technology

    The Panama Canal Expansion Project will maximize Panama’s strategic location as an international maritime hub at the center of global trade. This project will double the capacity of the Panama Canal by 2015 by creating a new lane of traffic and allowing more and larger ships to transit. Panama’s connectivity has been enhanced by ports […]

  • 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 […]

  • 28 May 2015
    Business & Finance, Equipment, Technology

    PSA Panama International Terminal (PSA Panama) held a groundbreaking ceremony two days ago to commemorate the expansion works for Phase 2 of its container terminal located on the west bank of the Panama Canal. The ceremony was graced by the President of Panama His Excellency Juan Carlos Varela, Mr Jorge Barakat, Administrator of the Panama Maritime Authority (AMP) and […]

  • 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 […]

  • 18 April 2016
    Business & Finance, Project & Tenders

    In little over two months’ time, the Inauguration Ceremony of the new Panama Canal will mark the completion of the largest infrastructure undertaking in the waterway since the original canal construction back in 1914. The official opening ceremony of the expanded canal will take place on Sunday, June 26th 2016, reports the Panama Canal Authority (ACP). The project was initially set […]

  • 21 December 2015
    Business & Finance, Project & Tenders

    The Panama Canal Expansion Program is the largest project at the canal since its original construction. The project will create a new lane of traffic along the canal through the construction of a new set of locks, doubling the waterway’s capacity. The existing locks allow the passage of vessels that can carry up to 5,000 […]

  • 19 May 2014
    Business & Finance, Equipment, Technology

    The Panama Canal Authority (ACP) reports that the ship Sun Rise, with four new gates for the Third Set of Locks, has sailed for Panama from Trieste, Italy. The ship is expected to arrive to Panama in mid-June, depending on weather conditions. “This is another important milestone towards the completion of a project that will […]

  • 18 May 2015
    Business & Finance

    The largest infrastructure project since the waterway’s original construction, the Panama Canal Expansion Program will create a new lane of traffic along the Canal through the construction of a new set of locks, doubling the waterway’s capacity. The new locks will have three chambers, water-saving basins, lateral filling and emptying system & rolling gates. The […]

  • 20 October 2011

    Panama President Ricardo Martinelli witnessed a new milestone at the Canal Expansion with the filling of a segment of the new access channel that will allow the transit of Post-panamax vessels between the new Locks and the Culebra Cut. Panama Canal Authority Board of Directors Chairman and Canal Affairs Minister Rómulo Roux and Panama Canal […]

  • 6 May 2013
    Business & Finance

    The Panama Canal has been nominated for the 2013 Prince of Asturias Award under the International Cooperation category in recognition of its service to the maritime industry, international trade and being a symbol of peaceful understanding between countries. “This nomination makes all Panamanians proud because of the significance of the Canal to the world and […]

  • 13 March 2013
    Business & Finance

    The President of the Inter-American Development Bank (IDB), Luis Alberto Moreno, visited the construction site of the new locks in Colon province, in the Atlantic, where he observed the progress Panama Canal Expansion works. Moreno, accompanied by IDB delegates, is in Panama to participate in the Fifty-Fourth Annual Meeting of the Board of Governors which […]

  • 10 August 2015
    Business & Finance

    The Panama Canal Authority (ACP) has issued an Advisory to shipping, which sets a draft restriction for all shipping agents, owners and operators working with the Canal. These temporary and preventive measures are due to an anticipated climatic variability event related to El Niño, a climate phenomenon resulting in periodic warming of the tropical Pacific […]

  • 3 June 2014

    Coral Morphologic divers are collecting corals and transplanting them in an aquaculture lab to save them of destruction during the Panama Canal widening project. The Panama Canal expansion project is intended to double the capacity of the Panama Canal by 2015 by creating a new lane of traffic and allowing more and larger ships to […]

  • 10 September 2010
    Vessels

    On Monday, September 6, Panama Canal Authority (ACP) Administrator/CEO Alberto Alemán Zubieta, and his wife Ana Matilde Alemán launched the QUIBIÁN I, a new cutter suction dredge custom-built by IHC Beaver Dredgers for the Panama Canal expansion. The QUIBIÁN I, named after a 15th century indigenous Panamanian leader whose name signifies resolution and unity, is […]

  • 8 October 2014
    Business & Finance, Equipment, Technology

    The 100 years of the Panama Canal will be featured in the 2014 American Society of Civil Engineers (ASCE) Global Engineering Conference held in Panama City, Panama. This year’s conference hosts approximately 1,000 professionals in the field of engineering worldwide. The conference commenced yesterday with Panama Canal Administrator Jorge L. Quijano’s opening keynote address, providing […]