Panama Bunker Sales Rise Again : Weekly News Roundup, May 3rd, 2018

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Welcome to the Panama Weekly News Roundup! Here’s the latest.

Panama Bunker Sales Rise Again

Panama’s bunker sales saw another month of year-on-year growth in February, according to the latest data from the Panama Maritime Authority (AMP).

Sales for products in February totalled 424,677 metric tonnes (MT), compared to 401,232 mt sold for the month in 2017.

Source: Ship and Bunker

Panama Project Opens Americas Market to Mechan

Mechan is growing its international export business with the first ever order planned for delivery to the Americas.

The Sheffield-based manufacturer is supplying heavy lifting equipment to the Panama City Metro, as part of a major project to construct a second line in the republic’s capital.

Mechan is working with parent company CIM Group to deliver a set of 20 12-tonne lifting jacks, four turntables and 40 vehicle stands to a new build depot in the Nuevo Tocumen area of Panama City. The equipment is about to leave the UK after successful factory acceptance tests.

Source: Railway Technologyf

Panama Canal Consolidates its Strategic Position in the Transportation of Liquefied Natural Gas.

The Panama Canal welcomed the inaugural transit of the LNG Sakura as it carried the first-ever liquefied natural gas (LNG) shipment from the Dominion Cove Point terminal in the United States to Japan.

The transit, which occurred this past weekend, marks the beginning of a new LNG commercial route between the United States and Asia from the recently inaugurated Dominion Cove Point terminal in Maryland, the second U.S. LNG export terminal to come online after Sabine Pass began operations in 2016.

Source: Hellenic Shipping News


How to Plan Retirement in Panama

Are you looking to retire in Panama? Have you been pondering it for a while, but still not sure how to take the next steps? If you feel a bit overwhelmed, or underprepared, don’t worry. This is common for most first-time expats, and completely understandable considering the situation. The good news is, there’s help out there to make the whole process easier. Here are a few tips to get you started. Also, don’t hesitate to contact us personally for more in-depth advice, and working through the legal steps before you come.

Before you start any of the planning process for retirement, do yourself a favor and take a nice long trip to Panama to check it out first hand. Pick some different areas to visit, each with different budget options, community types, and lifestyle choices, and talk to fellow expats who have taken the plunge to do the same. The best part, however, is you can enjoy yourself in the process. Have fun! After all, that’s what retirement’s all about.

Source: POLS Blog


About POLS Attorneys Staff Writer

As one of the leading Panama Law Firms, and one of the regions most reliable offshore service providers, POLS Attorneys brings a wide range of professional knowledge to our clients needs. Our staff is made up of professional offshore consultants, Panama attorneys and immigration specialists who are experienced in offshore business, understand international investment and asset protection strategies, and are experts in providing a seamless Panama immigration process.

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