Expectations for Expansion of Tocumen


News from Panama

Terminal 2, whose opening is scheduled for next year, promises to improve conditions at the Panamanian airport, making it competitive with other hubs in Latin America. The new Terminal 2, which is 92% complete, will have capacity to serve aircraft in 20 contact doors and 8 remote locations, taxiways, parking platform and aircraft circulation, adding […]

August 28, 2018

Panama Vies To Become Oil Producing Country


News from Panama

Panama is carrying out studies for potential oil exploration, hoping that recently discovered oil fields in neighboring Colombia close to Panama’s border could extend into Panama. Panama is 100-percent dependent on crude oil and refined oil products imports, although it is home to one of the most crucial shipping lanes in the world, the Panama […]

August 28, 2018

Motta revels in Panama Tocumen T2 duty-free concession win


News from Panama

Motta Internacional has won one of the two highly sought-after duty-free concessions at Panama Tocumen International Airport’s Terminal Two. The 10-year contract win will see Motta company Attenza Duty Free further expand its footprint in travel-retail in the region. Attenza will operate a multi-category duty-free store across 1,452sqm of retail space at the expanded Panamanian […]

August 28, 2018

Panama: Fiscal Figures up to June 2018


News from Panama

In the first semester, the fiscal deficit of the non-financial public sector was 1.6% of GDP, registering an increase of almost $1 billion with respect to the same period in 2017. From a statement issued by the Ministry of Economy: The results of the Fiscal Balance of the Non-Financial Public Sector (SPNF), corresponding to the […]

August 28, 2018

Health Diplomacy: Inside the hospital ship Comfort


News from Panama

A look inside the U.S. Navy’s floating hospital, the USNS Comfort, when the ship offered aid to Nicaragua in 2007. By Ricardo López See the video here U.S. Navy hospital ship to comfort Venezuelan migrants Defense Secretary Jim Mattis said Friday he would dispatch a U.S. Navy hospital ship to the Colombian coast to help […]

August 28, 2018

Introducing SONAR’s ‘Panama spread’


News from Panama

FreightWaves has reported on how the expanded Panama Canal, which can now accommodate larger ships in greater numbers, has altered trade flows on the North American continent. The expansion, completed on June 26, 2016, doubled the capacity of the Panama Canal. East Coast ports invested billions of dollars dredging their harbors so larger vessels could […]

August 28, 2018