Mark Scheinbaum writes in Newsroom Panama about the impact felt in Miami of the trade increase due to the Panama Canal Expansion, I quote” from 2011 to the start of 2017, Miami has gone from number 29 in the world to 6th in the world in relocation of international wealth, and in international cargo rankings during […]
The Aero Expo Panama Pacifico (AEPP) opened today at the Panama Pacifico International Airport (MPPA) in Panama with a ribbon cutting ceremony attended by the newly sworn in General Director of Tocumen SA Carlos Duboy, the General Director of the CAA Alfredo Fonseca and the US Ambassador at 9:30 this morning. The event includes over […]
Only half of the projected number of ships per day are transiting through the new Panama Canal locks due to a lack of staff and infrastructure says the International Organization of Masters, Mates & Pilots (MM&P), a maritime union whose membership not only includes not only officers on U.S.-flag vessels but also mariners who work […]
The co-founder of the law firm at the center of the Panama Papers scandal says the fallout has set off a “thriving” boom in the creation of tax shelters in the United States. Reminds me of what I am reading now, a book called “The Heavens” Juergen Mossack, who partnered with Ramon Fonseca to create […]
In the first two months of the year 8,768 new vehicles were registered, which is 12% less than in the same period in 2016. Total sales of new vehicles in Panama in the first two months of this year fell by 12% compared with the same period last year, going from 9,992 to 8,768 units, according to […]
In 2016 28.8 million barrels of fuel were sold to ships, which is 3.1 million barrels more than in the previous year. Figures from the Panama Maritime Authority indicate that most of the bunker fuel was marketed in the Pacific, with 23.8 million barrels, while the remaining 4.9 million barrels were shipped across the Atlantic. Prensa.com reports that “…The variation […]
Brendan Pierson reports in Reuters about the huge fine Odebrecht must pay in connection with bribery charges. A U.S. judge on Monday sentenced Brazilian engineering company Odebrecht SA to pay $2.6 billion in fines in a massive criminal corruption case, signing off on a plea deal between the company and U.S., Brazilian and Swiss authorities. […]
The consortium made up of two Japanese companies and one French company will develop the pre-feasibility study for the new metro master network, with emphasis on lines 4 and 5. The consortium, called Nippon Koei Lac-Sytra, is made up of the Japanese companies Nippon Koei Co. Ltd and Nippon Koei LAC Inc, and the French company […]
Panama is now finally starting to build a real tourism business including bringing back the medical insurance program. Granting insurance for a period of 15 days and limiting the scope to medical care are some of the changes that are being prepared to re-offer free medical insurance for tourists. Previously the insurance covered up to 30 days […]
Panama is about to make a huge mistake unless it is careful. A few greedy companies involved in industrial fishing are trying to open up long line industrial fishing, even within sensitive park areas. Someone needs to wake up! The government and the private sector are discussing the possibility of eliminating the ban on industrial […]