“Boka Vanguard” lifts “Carnival Vista” for repairs

The semisubmersible “Boka Vanguard” was commissioned by the owners of the “Carnival Vista” cruise ship, which had technical difficulties and needed urgent repairs. However, since the cruise ship was in the Bahamas, it was having difficulty finding a place where it could be repaired and faced a long period of inactivity, the Daily Mail reported. […]

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Freight rates show illusory recovery

The spot container market is recovering amid a growing number of ships out of operation and bunker rate increases. In what has been a mostly disappointing year for shipping lines, freight rates in the spot market are currently enjoying a resurgence. Drewry’s World Container Index – which observes eight major East-West routes – in the […]

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Week in Review

FENCE REPAIR The governments of Panama and Colombia signed bilateral agreements on security, migration, culture, tourism, investment, economy, creative industries and strengthening democracy and peace in the region. The president of the Republic of Panama, Laurentino Cortizo Cohen, traveled to Colombia and said that, through a frank, open, fluid relationship of respect, trust and friendship […]

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AMP installs work table for shipping companies, cargo carriers and government

In order to reach an agreement, the Minister of Maritime Affairs and administrator of the Panama Maritime Authority (AMP), Noriel Araúz, met with representatives of the Logistics Business Council (COEL), which brings together 20 business organizations, members of the Panama Chamber of Shipping, on behalf of shipping agencies and representatives of some State institutions, due […]

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South Korean consortium will build Line 3 of the Panama Metro

Line 3 of the Panama Metro that will link the capital city with West Panama, will be built by the South Korean consortium HPH, formed by Hyundai Engineering & Construction and Posco. The announcement was made recently after the opening ceremony of the technical and economic proposals of the participating companies. The four participating consortiums […]

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Say WHAT? A noteworthy denial from on high

Deputy Arquesio Arias (PRD-Guna Yala), on the left, receives his credentials as a member of the legislature’s Population, Environment and Development Committee from the National Assembly’s president, Marcos Castillero (PRD-Herrera). Arias is under house arrest pending proceedings against him in the Supreme Court on several counts of rape, including one against a minor. National Assembly […]

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Cortizo grabs hold of the courts, says he won’t interfere

The president and vice president and the new magistrate, María Eugenia López Arias, between them. Also taking office were alternate magistrates (suplentes) Carmen De Gracia, Miguel Espino, Olmedo Arrocha and Juan Francisco Castillo. Photo by the Presidencia. Here come the new judges by Eric Jackson On December 5 a major power shift got underway on […]

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