{"id":30465,"date":"2020-11-23T10:39:48","date_gmt":"2020-11-23T15:39:48","guid":{"rendered":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/?p=30465"},"modified":"2020-11-23T10:39:48","modified_gmt":"2020-11-23T15:39:48","slug":"panama-extends-cruise-homeporting-incentive-program","status":"publish","type":"post","link":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/panama-extends-cruise-homeporting-incentive-program\/","title":{"rendered":"Panama extends cruise homeporting incentive program"},"content":{"rendered":"<p><a href=\"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2020\/11\/cruise-terminal.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-30466\" src=\"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2020\/11\/cruise-terminal.jpg\" alt=\"\" width=\"768\" height=\"472\" srcset=\"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2020\/11\/cruise-terminal.jpg 768w, https:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2020\/11\/cruise-terminal-300x184.jpg 300w\" sizes=\"auto, (max-width: 768px) 100vw, 768px\" \/><\/a><\/p>\n<div class=\"article-banner dfp-ad-hideempty\"><\/div>\n<p>Panama extended through 2021 the 100% reimbursement of Canal dues for cruise lines that homeport in the country. Executive Decree #274 was signed by President Laurentino Cortizo Cohen and Minister of Commerce and Industries Ram\u00f3n Mart\u00ednez.<\/p>\n<h4><strong>Amount of reimbursement depends on the year<\/strong><\/h4>\n<p>The reimbursement of the fees set\u00a0by the Panama Canal Authority will involve percentages based on the date of the cruise, and lines must verify that at least 80% of the passengers embarked in Panama are international.<\/p>\n<p>The toll payment will be 100% reimbursed for cruises that transit the waterway from Nov. 1, 2020, to Dec. 31, 2021. For cruises during 2022, 90% of the toll will be reimbursed, 80% in 2023 and 70% in 2024.<\/p>\n<div class=\"dfp-ad-hideempty native_inline hidden n_hidden\" data-dfp-position=\"native_inline\"><\/div>\n<p>The reimbursement will be provided by the Panama Tourism Authority.<\/p>\n<p>As\u00a0<a href=\"https:\/\/www.seatrade-cruise.com\/news\/panama-oks-ncl-incentive-cancels-operating-tender-delayed-cruise-terminal\" target=\"_blank\" rel=\"noopener noreferrer\">earlier reported<\/a>, Norwegian Cruise Line became the first operator to benefit from the homeporting incentive.<\/p>\n<p><strong>Return on investment<\/strong><\/p>\n<p>Panama expects a return on investment from\u00a0this incentive, citing the fact that cruise passengers spend an average of two days in Panama, according to figures from Pullmantur homeporting at Col\u00f3n in recent years.<\/p>\n<p>One homeport call by a 2,500-passenger\u00a0ship would represent a direct economic injection of $1.75m for the country, based on the average spending per person of $232, according to Panama&#8217;s Office of the Comptroller General. To this would be added revenues for provisions purchased by the cruise line, as outlined in a\u00a0<a href=\"https:\/\/www.seatrade-cruise.com\/news\/panama-modifies-incentives-homeporting-cruise-ships\" target=\"_blank\" rel=\"noopener noreferrer\">prior modification of the incentive decree in February this year<\/a>.<\/p>\n<p>Mart\u00ednez said tourism will be one of the most important activities to reactivate the economy following the COVID-19 shutdown, and the cruise incentive plays into that.<\/p>\n<div class=\"article-banner dfp-ad-hideempty\">\n<div data-dfp-position=\"inarticle2\">\n<div id=\"ktuniozp7f000000ktuniozp7f000000ktuniozp\" class=\"dfp-tags\" data-size=\"300*250,300*600\" data-adunit=\"\/2441\/seatrade-cruise.home\/article\/news\/ports_destinations\" data-name=\"article_300_2_rht_infinite\" data-targeting=\"pos=300_2_rht|article_number=1|ptype=Article|nid=42434|pterm=ports_destinations|sterm=finance,americas_caribbean|author=anne_kalosh|reg=anonymous\" data-mapping=\"0*0=300*250|779*0=300*250,300*600\" data-adsensecolor=\"background=|border=|link=|text=|url=\" data-google-query-id=\"CLvhntz_mO0CFQ8EDAodlQsA3A\">\n<div id=\"google_ads_iframe_\/2441\/seatrade-cruise.home\/article\/news\/ports_destinations_11__container__\"><iframe loading=\"lazy\" id=\"google_ads_iframe_\/2441\/seatrade-cruise.home\/article\/news\/ports_destinations_11\" title=\"3rd party ad content\" src=\"https:\/\/8c385ab11e12bbaecaeff9a974a950e0.safeframe.googlesyndication.com\/safeframe\/1-0-37\/html\/container.html\" name=\"\" width=\"300\" height=\"250\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" sandbox=\"allow-forms allow-popups allow-popups-to-escape-sandbox allow-same-origin allow-scripts allow-top-navigation-by-user-activation\" data-is-safeframe=\"true\" data-google-container-id=\"c\" data-load-complete=\"true\" data-mce-fragment=\"1\"><\/iframe><\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>Passengers on homeporting ships will have the opportunity to get to know the country before embarking or after disembarking from their cruise. &#8216;They will be able to go shopping, taste the exquisite Panamanian and international food and stay in our hotels, among other activities, which will boost the economy and create jobs,&#8217; Mart\u00ednez said.<\/p>\n<h4><strong>Potential for developing mega-ship and small-ship business<\/strong><\/h4>\n<p>Panama Tourism Authority Administrator\u00a0<a href=\"https:\/\/www.seatrade-cruise.com\/ship-operations\/crypto-cruise-ship-satoshi-soon-heading-panama\" target=\"_blank\" rel=\"noopener noreferrer\">Iv\u00e1n Eskildsen<\/a>\u00a0noted\u00a0the Sustainable Tourism Master Plan 2020-2025 recognizes great potential for cruising&#8217;s\u00a0development, both mega-ships \u2014especially when it comes to homeporting, and small ships.<\/p>\n<p>Eskildsen stressed the small ships would support the vision of turning Panama into a world-class sustainable tourism destination. &#8216;For this subcategory Panama is an exotic, unknown, uncrowded and authentic destination, and it allows the exploration of our coasts in greater detail and, therefore, distributes the [economic] impacts to more destinations.&#8217;<\/p>\n<p>Places that could most benefit from this could be the Gulf of Chiriqu\u00ed, the Pacific Verag\u00fcense and Coiba Island, Gulf of Montijo Mariato, Pedas\u00ed-Tonos\u00ed, Las Perlas, Samb\u00fa and Guna Yala.<\/p>\n<p><a href=\"https:\/\/www.seatrade-cruise.com\/ports-destinations\/panama-outlines-protocols-ahead-reopening-all-travelers\" target=\"_blank\" rel=\"noopener noreferrer\">Panama opened its borders to visitors from all countries\u00a0on Oct. 12.<\/a><\/p>\n<p>Source: Seatrade Cruise News<br \/>\nStay Safe!!<\/p>\n\n<div class=\"wpcf7 no-js\" id=\"wpcf7-f16536-o1\" lang=\"\" dir=\"ltr\" data-wpcf7-id=\"16536\">\n<div class=\"screen-reader-response\"><p role=\"status\" aria-live=\"polite\" aria-atomic=\"true\"><\/p> <ul><\/ul><\/div>\n<form 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country.<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[242,12,241,39,248,34,33,62,280,42,219,11,249,243,7,246,244,281],"class_list":["post-30465","post","type-post","status-publish","format-standard","hentry","category-news-articles-panama-perpsective","tag-boca-chica-real-estate","tag-boquete","tag-boquete-real-estate","tag-buenaventura","tag-casco","tag-casco-antiguo","tag-casco-viejo","tag-coffee-in-panama","tag-disinfetion-services-safety-in-panama-panama-real-estate-bocas-del-toro","tag-estate-homes-in-panama","tag-move-to-panama","tag-offshore-real-estate","tag-panama-offshore-real-estate","tag-panama-papers","tag-panama-real-estate","tag-relocate-to-panama","tag-rum-in-panama","tag-travel-to-panama-rent-in-boquete-expat-tourism"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.7 (Yoast SEO v27.7) 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