22% of the World´s Ships are Flying the Panamanian Flag

Panama has 22% of the World´s Ships Flying its Flag
Machine translated from the original article in La Prensa:

Wilfredo Jordán S.
wjordan@prensa.com
http://mensual.prensa.com/mensual/contenido/2009/08/18/hoy/Negocios/1891335.asp

In 2004 there were 6061 ships registered by the Panama. Now, in agreement with the official registries, there are 8661 ships.

Between 2004 and what goes of 2009, Panama registered 2600 ships and about 40 million tons of gross registry, that means a growth of 41% in this period. At the closing of 2004, 6061 ships registered by Panama with 168 million tons of gross registry existed. At the moment the country has 8661 ships with 202,979,000 tons. These numbers represent 22% of the world-wide marine fleet, in comparison with the main competitors of Panama: Liberia, that has a registry of 2639 ships and Marshall Island, with a count with 1612. “We have like the Government, the commitment that the income from this institution gets to the people who need it”, the administrator of the AMP, Linares Robert commented. The approximated net income of the AMP by the registry of ships calculate in 80 million dollars a year. In 2004 this income was 52 million dollars and in 2008 it went up to around the 78 million dollars. In indirect income, it is calculated that the registry of ships generates more than 100 million dollars a year. If the smaller ships of 100 tons are included, Panama has more than thousand registries.

Ships Registered under the Panamanian Flag

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More on Cinta Costera, Panama City, July 1st 2009

Today the new Cinta Costera walkways along Ave. Balboa were packed with holiday goers (located on the Pacific Coast of Panama). This morning, hundreds of people walked, biked, jogged, played, skate boarded, roller bladed along the new walkways.

Today is the swearing in of the new Panamanian President Martinelli at the Atlapa Convention Center so it is a National Holiday in Panama (Canada Day as well- a holiday in Canada!).

SCROLL DOWN THE BLOG PAGE 2 STORIES TO MORE CINTA COSTERA PHOTOS.

Cooling off by the Cinta Costera Fountains in Panama City

Great spaces to Walk, Roll, Bike….. Cinta Costera

Kids playing at the Cinta Costera playground

Balboa Statue on Cinta Costera Parkway in Panama City, Panama

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Live and Invest Overseas, Panama 2009

Speaking at the Live and Invest in Panama Conference

I was invited to speak at the Live and Invest Overseas Conference a while back in Panama City. The Conference was very well organized by Kathleen Peddicord and Lief Simon; attendees flew in mainly from North America for from several days to several weeks to explore Panama.

My subject this conference (I had spoken a number of times for previous International Living Conferences) was “Opening a Business in Panama – Our Experience”. We also set up an information table about Taboga Island and our B&B Inn Cerrito Tropical.

Conference Table for B&B Inn Cerrito Tropical

People often ask me, if not for financial gain, why do I speak publicly at these types of Expat / Investment conferences?
My answer is quite simply, I love the challenge of speaking to a large group, and the opportunity to speak about Taboga Island.

Expat

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Walkways and Parkways in Panama; the New Cinta Costera

The New Cinta Costera in Panama City

Check it out when you have time. A super new area to walk, run, or bike along Panama Bay (Pacific Ocean side of Panama). The traffic is much improved with a beautiful new bypass for Avenida Balboa in Panama City. Nicely designed and much needed additions to Panama City – more green space, more parking, and a bypass through Chorillo and Cinco de Mayo direct to Amador and the Bridge of the Americas, and reverse – direct to the highway to the Tocumen Airport (Corredor Sur).

Walkways and Bike Paths

Parking lots

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