Monthly Archives: September 2017

Panama is proud to host the World Maritime Day Parallel Event, which will be held in Panama from October 1 to 3, 2017.  The theme for this year’s World Maritime Day is “Connecting Ships, Ports and People”, which is appropriate for Panama for being one of the par excellence maritime nations, as recognized by the rest of the nations of the world having being elected to the IMO Category A.

Panama as a country plays a very important role in the world economy, as they are the seat of the main ports in Latin America, due to the Panama Canal and for being the biggest Flag State, with 18% of the world merchant fleet flying the number One flag.

Precisely, this celebration of the World Maritime Day Parallel Event coincides with the celebration of the Centennial of our International Ship Registry which was created in the year 1917.

Join this historical event and meet our managing director Erik A. de Koning amongs many other people.

Register yourself free of charge at : http://worldmaritimedaypanama.com/registro/

The Chinese Embassy was inaugurated last weekend in Panama, during a visit of the Chinese Foreign Minister Wang Yi. China and Panama signed a joint communique on June 13 this year on the establishment of diplomatic relations. China is the second-biggest user of the Panama Canal, and the main user of the Colon Free Trade Zone. Wang Yi indicated that a group of Chinese companies have signed contracts for the export of Panamanian goods worth USD 38.7 million to China and that the two countries are negotiating the establishment of a Free Trade Agreement.

Besides, China has expressed its willingness to finance the construction of a train between the Panamanian capital and the border of Costa Rica. Currently, Chinese companies are already developing a port in Panama, which is the Puerto Panamá-Cólon in Isla Margarita, with a capacity of 2 million TEUs constructed by the China Landbrigde Group. Furthermore, Chinese state firms have expressed interest in the development at the West Bank of the Panama Canal, once the country opens a tender for it in the beginning of 2018. The Dutch Antea Group and Stig Delta have developed a masterplan for this side of the Canal, including plans to invest in logistic parks, ports, railways and road connections, ensuring optimum commercial use of the area.