A proposed revision of tolls by the Panama Canal Authority (ACP) would raise rates charged for liquefied natural gas (LNG) and liquid petroleum gas (LPG) carrier transits while lowering rates for some container ship transits. Wood Mackenzie’s Andrew Buckland, principal analyst for LNG shipping, said the proposed higher rates for LNG transits would not […]
Finally,the process starts to tender commercial spaces in Terminal 1 of Panama City International Airport. Among the companies that have expressed their interest to the administrators of Panama City airport are DFS, Duffry, Duty Free America, Heineman, DFAASS, Legarde, Penna and Flamingo. The commercial vice president of Terminal 1, Franklin Carrillo explained to Panamaamerica.com.pa that “… starting today, […]
Price of gallon of regular gasoline: Costa Rica $3.90, Nicaragua $3.69, Honduras $3.64, Guatemala $3.13, El Salvador $3.13 and Panama $2.74. The reference prices for liquid fuels in El Salvador are being affected by an upward trend due to recent events that revolve around the latest OPEC meeting, where the 14 member countries along with […]
Nine consortiums from China, Italy, South Korea, Spain, Brazil and Portugal want to be prequalified to design and build Line 3, which has $2.6 billion in financing. From a statement issued by Metro de Panama: Companies that participated in the prequalification ceremony on Friday, June 2: 1. Consorcio HP Joint Venture: Hyunday Construction (South Korea) Posco […]
The first stage of the project includes infrastructure for the industrial production of strawberries in greenhouses, and a second stage will involve establishing a free zone for logistics services and distribution. The project, which according to its representatives requires an investment of $35 million, is being developed in Volcán, Chiriqui province. The owner of Agroparque Volcán, […]
Roberto Borge, who was governor of Quintana Roo from 2011 to 2016, is escorted in handcuffs by police in Panama City, Monday, June 5, 2017. The fugitive ex-governor wanted for alleged corruption in connection with the sale of state properties worth hundreds of millions of dollars was arrested. Borge is the third ex-governor from the […]
The Canal Authority has started a process of measuring and analyzing the current and projected demand for the inter-oceanic route in order to determine when to start the expansion. The Panama Canal Authority has already formed a group of experts to carry out analysis and technical studies for the future expansion of the Canal, which will depend […]
Panama has announced that it is cutting ties with Taiwan and instead establishing relations with China. The shift is a major win for China as it seeks to isolate Taiwan, which now has diplomatic relations with just 20 countries. China and Panama announced the move in a joint statement, saying it was in […]
Ken Thomas at the Associated Press reports on Presidents Trump and Varela in DC this week. President Donald Trump welcomed the president of Panama to the White House on Monday, pointing to the United States’ role in the construction of the Panama Canal at the start of his first face-to-face meeting with the Central […]
At the request of the private sector, selection of the management company for the convention center will be done directly and not through a tender. The National Tourism Council (CNT) is the institution that will select the company that will be in charge of managing the convention center that is under construction in the Amador […]