Tuesday, May 9, 2017

HUGE VESSEL TRAVELS ON THE EXPANDED CANAL AND BREAKS RECORD





HUGE VESSEL TRAVELS ON THE EXPANDED CANAL AND BREAKS RECORD

 
Jorge Luis Quijano, administrator of the ACP said that the huge vessel with capacity for 13,435 TEU's will break the record as the one with the highest cargo volume in transit for the third set of locks.

@ panamaamerica

On Tuesday, COSCO Development, a vessel with greater capacity and size, has transited the Expanded Channel, as reported by the Panama Canal Authority through its Twitter account.

Jorge Luis Quijano, administrator of the ACP declared the huge vessel with capacity for 13,435 TEU's will break record as the one with the highest cargo volume in transit for the third set of locks.

He added that if the containers are placed in line with the Cosco Development, would cover from the Bridge of the Americas, to the entrance of El Valle.

This mega-boat measures 366 meters in length (long) and 48.2 meters in length (wide).

Thursday, May 4, 2017

Panama is the Commercial Gate to the Americas



Panama is the Commercial Gate to the Americas

Panama’s geographical position, the expanded Canal and its excellent airline connections are attracting more investors to the isthmus who see the country as the gateway of the Americas. The free zones and special economic areas offering tax benefits to companies have convinced many giants such as 3M, Procter and Gamble and Huawei to move their Central American offices here.


Panama is the Commercial Gate to the Americas: The expanded Canal is another attraction for investors.

Countries such as Czechoslovakia are opening honorary consulates with the idea of using Panama as a foothold from which to export their products to Central and South America. Many are choosing the Colón Free Zone, while other enterprises of a more scientific nature are finding a place in the City of Knowledge.

Fairs such as Expocomer give the opportunity to foreign investors to make contact with their Panamanian counterparts to do business and create partnerships that in the long run will benefit not only the country, but also the region.

PROINVEX, attached to the Ministry of Commerce and Industries (MICI), is a government initiative which seeks to attract investors. It manages a One-Stop-Shop Integrated Information System that allows investors to easily identify all the instruments that the National Government has available for Direct Foreign Investment.

Panama is ready to create new commercial links with willing partners who want to invest in the country and the region.