$320 million is the value of investments in hotel projects in the touristic development pole Gulf of Papagayo that have failed to start due to lack of water. Unable to present a letter of guarantee of water resources, 11 tourism development projects planned for the Gulf of Papagayo in Guanacaste, have failed to start. Lack of […]
Banks based in Panama managed a record level of assets last year — USD 121 billion — despite fallout from the “Panama Papers” scandal, an industry body in the Central American country has said. The International Banking Center, which represents Panamanian and foreign banks, yesterday said members’ assets “reached the record level of USD 121.075 […]
It is expected that economic growth will increase slightly to 5.1% in 2017, and about 5.5% in the medium term, supported by the expanded Canal and developing investment projects. From a press release issued by the IMF: Panama’s economy is expected to remain among the most dynamic in the region. The economic outlook is favorable, […]
My friend John Hampton of NotSereyus Productions was brave enough to ride and film the horse parade at this year’s Fair in David.
This is a very cool video and worth taking the time to see the whole film. Ever wonder what it’s like inside a modern ultra-deepwater drillship. Well, here you go: The video was filmed in the Gulf of Mexico aboard a 2010-built Samsung design 12000 drillship (using intrinsically safe equipment while the rig was idle, of […]
Mike Schuler reports in gCaptain about the 1000th transit of a huge Neopanamax MSC Anzu that transited the expanded Panama Canal and the other milestones. Great read! The Panama Canal has marked the 1000th Neopanamax vessel to use the waterway since the inauguration of the Expanded Canal less than nine months ago. On Sunday, March 19, Mediterranean Shipping Company’s […]
International classification society ABS has granted Approval in Principle (AIP) for the Seatransporter-DF, a dual-fuel design concept vessel developed by Algoship Designers Ltd. of Nassau, Bahamas. The design has the capability to accommodate multiple engine types as well as Type-C or membrane containment systems for LNG fuel. Algoship worked with CleanShips LLC, based in Stamford, […]
Nice project, one day I will do this. An Environmental Impact Study has been presented to build, in the district of Panama, a horizontal residential complex with 363 housing units in an area of 11 hectares. According to the identification system “Construction Projects in Central America”, complied by the Business Intelligence Unit at CentralAmericaData, the Environmental Impact […]
MURRAY WALSH writes in Must Read Alaska about what it might take today to permit the Panama Canal. was with 49 Alaska Republicans transiting the Panama Canal in February aboard the 780-foot M/S Rotterdam. We enjoyed many great events together and at one dinner, a fellow diner who I knew was in the government-authorization-seeking business, asked a question: What […]
The bill presented by the government includes exemption from income tax and property taxes and for transfers of companies engaged in reforestation activities. From a statement issued by from the National Assembly: Environment Minister, Mirei Endara, presented on Wednesday, to the plenary of the National Assembly, a draft law establishing an incentive program to restore […]