The United Nations’ Economic Commission for Latin America and the Caribbean (ECLAC) has released its annual report on port activity in the region with Panama’s Colon port complex top of the list with 4.32m teu and growth of 11% compared to 2017.
Panama marine fuel sales in 2018 were hit by the “bad bunkers” problem that started in the US Gulf region with a 1.8% drop in sales.
Cargo volume in Panamanian ports hit a record 7.01m teu last year, but only showed a slight growth of 1.7% compared to 6.89 teu the year before.
Panama agreed to remove from its Ship Registry some 60 Iranian vessels to avoid being placed on a US Treasury blacklist.
The Panama Maritime Authority (AMP) through the General Directorate of Merchant Marine's Department of Maritime Accident Investigation has assigned an investigator to carry out asafety investigation into the fire suffered by the Panama-flagged car carrier Sincerity Ace.
The Panama Canal Authority (ACP) said on Wednesday that an arbitration tribunal has ordered Grupo Unidos Por el Canal (GUPC), the construction consortium that built the Panama Canal new locks to pay back nearly $848m to the Canal Authority.
Panama’s Minister of Maritime Affairs Jorge Barakat and the United States’ Maritime Authority Administration (MARAD)’s Admiral Mark. H. Buzby, have inked a major maritime transport co-operation agreement in Washington D.C.
Panama’s Minister of Maritime Affairs Jorge Barakat held a meeting with China’s Minister of Transport Li Xiaopeng, who visited the headquarters of the Panama Maritime Authority (AMP). Li was accompanied by a delegation of the Chinese government and Chinese companies working in Panama’s maritime sector.