Panama Atlantic coast bunker sales seen rising in 2020 : Weekly News Roundup, October 24th 2019

Oct 24, 2019 | Panama News

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

Panama Atlantic coast bunker sales seen rising in 2020

Bunker sales on the Atlantic side of the Panama Canal, where more low-sulphur sourcing options are available, are expected to gain market share from the Pacific side from 2020 onward.

As marine fuel demand shifts to 0.5pc sulphur from high-sulphur fuel oil (HSFO), the low-sulphur fuel can be supplied to the Atlantic side of Panama from Brazil, the US Gulf coast and Europe. By contrast, sources of 0.5pc sulphur fuel oil for the Pacific side of the Canal will be more limited, Slivia de Marucci, executive manager of economic analysis and market research for the Panama Canal Authority, told the attendees of the Argus Fuel Oil Summit in Miami, Florida.

A regulation the Panama Canal is considering that would enable offshore bunkering on the Atlantic side could also spur demand.

Source: Argus

Watch the Norwegian Joy Transit the Panama Canal.

The Norwegian Joy has made her inaugural transit of the famed Panama Canal as the 2017-built ship was in the Canal on October 22.

It is the first of six transits for the ship this season, including two partial tranists, part of 29 transits from neo-panamax vessels scheduled for the 2019-2020 season, according to a statement.

The season kicked off earlier this month as the Island Princess was the first cruise ship through the Panama Canal to mark the start of the 2019-2020 season.

Source: Cruise Industry News

PANAFEST Spotlights Film and Culture From Panama.

When he looks at Panama, his home, the irony isn’t lost on Carlos Carrasco. Life sure does come full circle.

“I had to leave because there’s no filmmaking there and now I get to go back and partake in the film industry there,” he said.

With memorable roles in films such as Speed solidifying his place in Hollywood, Carrasco wanted to create a bridge between the entertainment industry he’s a part of in L.A., and the emerging film industry in Panama.

That bridge became the Panamanian International Film Festival in Los Angeles, which he created five years ago. It features works by LatinX filmmakers from Panama, the U.S. and around the globe.

Source: Spectrum News


Time to Take the Leap: Why you should move to Panama in 2020

Moving to Panama and relocating your life can be a challenge, and a big leap for many people. There’s so much to consider, and it may seem like an enormous amount of effort to make it work. Luckily, if you feel this way you’re not alone.

Moving to Panama can be not only a great experience, but both a personally and financially viable choice. And if you take the right steps, and know what you’re getting into, it could be one of the best decisions you make in your life. We’re here to tell you why, and how you can make the transition as smooth and enjoyable as possible.

Source: POLS Blog

POLS Attorneys Staff Writer

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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