According to La Estrella, shipping companies are opting for Panamanian ship registry.
According to the Panama Maritime Authority (AMP), ship registration presents an opportunity for development in Panama. Currently, there are over 8,400 registered ships under the Panamanian flag – more than any country in the world.
It has been predicted that shipping companies will continue with Panamanian registry, due to the most favorable legislation worldwide. Advantages to both merchant ships and cruise ships include: A faster process that takes only hours for registration; discounts based on ship’s tonnage and type; flexibility based on the nationality of the crew and ship’s owners; judicial safety to clients; and a consular offices in Panama that work with worldwide shipping offices.
This is good for Panama and its development. Direct annual income from ship registration accounts for over $70 million and the income derived indirectly accounts for over $150 million.
Director of Merchant Shipping, Alfonso Castillero claims that from 2007 to 2008, there was an increase of 11% of registered ships. He expects the registry to grow at least another 9%. In the 1st quarter, there were 347 ships registered – 151 of which were brand new ships.
This allows Panama to become a larger player in the international maritime market….Interested in moving, retiring or relocating to Panama? Visit Panama-Land-for-Sale.com to see real estate listings in Panama and Portobelo. Click here to view land, condos and businesses for sale in Panama!
Showing posts with label relocating or retiring in panama. Show all posts
Showing posts with label relocating or retiring in panama. Show all posts
Friday, May 15, 2009
Thursday, November 27, 2008
Panama Health Care - Positive to Land for Sale, Relocating, and Retiring
First Lady, Laura Bush, has commended Panama for joining a regional alliance for breast cancer awareness and research
Panama joins the alliance with the U.S., Brazil, Costa Rica and Mexico. The alliance will include sharing information with the University of Texas, the Susan G. Komen for the Cure, and MD Anderson Cancer Center. The alliance has been named the Partnership for Breast Cancer Awareness and Research of the Americas.
The First Lady spent two days in Panama, meeting with Vivian Fernandez de Torrijos, the First Lady of Panama.
The entire effort of the Partnership effort, announced by Mrs. Bush in July 2007, is to increase breast cancer detection and awareness, to produce clinical resources and research and to reduce related deaths to breast cancer. M.D. Anderson has taken the role of the Partnership’s head medical advisory.
The ceremony was held at the Ministry of Foreign Affairs in Panama City. The President of M.D. Anderson, Dr. John Mendelsohn, M.D., stated “We are pleased to have the opportunity to extend our work with the Partnership to Panama. Mrs. Fernandez de Torrijos is commended for her dedication and commitment to reducing breast cancer and her efforts to engage the Partnership for the benefit of women in Panama, across Latin America and around the world”.
This latest information is further sign of the superior medical care and attention to health care that has become a standard in our developing country of Panama. Visit our website at www.panama-land-for-sale.com to see information about living, retiring, or relocating to Panama!
Panama joins the alliance with the U.S., Brazil, Costa Rica and Mexico. The alliance will include sharing information with the University of Texas, the Susan G. Komen for the Cure, and MD Anderson Cancer Center. The alliance has been named the Partnership for Breast Cancer Awareness and Research of the Americas.
The First Lady spent two days in Panama, meeting with Vivian Fernandez de Torrijos, the First Lady of Panama.
The entire effort of the Partnership effort, announced by Mrs. Bush in July 2007, is to increase breast cancer detection and awareness, to produce clinical resources and research and to reduce related deaths to breast cancer. M.D. Anderson has taken the role of the Partnership’s head medical advisory.
The ceremony was held at the Ministry of Foreign Affairs in Panama City. The President of M.D. Anderson, Dr. John Mendelsohn, M.D., stated “We are pleased to have the opportunity to extend our work with the Partnership to Panama. Mrs. Fernandez de Torrijos is commended for her dedication and commitment to reducing breast cancer and her efforts to engage the Partnership for the benefit of women in Panama, across Latin America and around the world”.
This latest information is further sign of the superior medical care and attention to health care that has become a standard in our developing country of Panama. Visit our website at www.panama-land-for-sale.com to see information about living, retiring, or relocating to Panama!
Thursday, September 4, 2008
Expansion in Panama Can Continue
We’re all breathing a sigh of relief here in Panama. Yesterday ended a strike at both ends of the Panama Canal – due to workers walking out on strike. Thankfully, for all parties involved, it did not disrupt shipping on our vital waterway.
Crane operators and harbor towage workers in Balboa and Cristobal walked out in the morning, but have now resolved a dispute with the government concerning wages.
Because the dispute was settled amicably, our economy and the expansion work will not be hindered. The Panama Canal is responsible for roughly 5% of global shipping, and is about 1/5 of Panama’s total economy.
The Cristobal port, on the Atlantic side, handles mostly container ships. The Balboa port, on the Pacific side, is one of the largest ports in Latin America.
Our economy in Panama is booming, and so is the housing market. Are you thinking of relocating or retiring in Panama? Visit our blog and our website for all of the latest information on Panama, our development, and land specials! Go to www.panama-land-for-sale.com for more information.
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