Panama natural gas plant promises environmental, economic benefits
-May 27th, 2016
Source: Fox News Latino
The first natural gas power plant in Central America, to be completed by 2018 in an industrial area of the northern Panamanian city of Colon, promises to be environmentally friendly while also bringing economic benefits. The liquefied natural gas-fired facility will be built by the U.S. company AES in partnership with Panamanian magnate Stanley Motta's Inversiones Bahia at a cost of $1.15 billion, and it will create 2,000 jobs during the construction phase and roughly 200 jobs once it is up and running.
Panama Canal expansion set to boost Florida's trade
-May 26th, 2016
Source: Fresh Plaza
The Fresh From Florida Summit was recently hosted by Port Tampa Bay and the Florida Department of Agriculture and Consumer Services. The summit looked at the potential trade opportunities which will open up with the completion of the Panama Canal expansion and other global trends. Commissioner of Agriculture Adam Putnam was the keynote speaker during the event and said a confluence of events are putting Florida growers in a good spot for trade.
Panama Canal fever sweeps globe again as new era in trade nears
-May 25th, 2016
Source: Business Times
When the new locks slide open to receive traffic for the first time in late June, the reverberations will be felt from Asian gas terminals to Great Plains farms and ports from Miami to Long Beach to Santiago. The anticipated growth has triggered a multibillion-dollar dredging and building binge at ports in the US, Caribbean and South America, all seeking to win a share of the traffic boom. Panama is also bidding to become a distribution hub for global manufacturers, with plans to add space for more than 5 million additional cargo containers. "There are going to be a lot of feeder services that develop around it," Moses Kopmar, a Moody's Investors Service analyst in New York, said in a telephone interview. "What it will do is basically unlock a huge amount of the global fleet in terms of being able to transit the canal."