Welcome
Welcome to our new website based on our movement to new location. We have established our new company profile mostly involved with Service and Spare parts here in our new home, Panama City, Panama.
As Manager and daily leader of this new business I am excited to inform you that our new location is perfect for our purposes. With the already started process of expanding the canal for bigger ships, we believe that marine suppliers of technical equipment and other marine related services and suppliers, will now have a reliable company as partner, who by beiing in this location, will be able to give your customers better service at all time. We will put our reputation and more the 40 years of experience at your service 24 hours a day, 7 days a week. send us a mail here.
About Panama. Explored Settled by the Spanish in the 16th century, Panama broke with Spain in 1821 and joined a union of Colombia, Venezuela, and Ecuador - named the Republic of Gran Colombia. When the latter dissolved in 1830, Panama remained part of Colombia. With US backing, Panama seceded from Colombia in 1903 and promptly signed a treaty with the US allowing for the construction of a canal and US sovereignty over a strip of land on either side of the structure (the Panama Canal Zone). The Panama Canal was built by the US Army Corps of Engineers between 1904 and 1914. In 1977, an agreement was signed for the complete transfer of the Canal from the US to Panama by the end of the century. Certain portions of the Zone and increasing responsibility over the Canal were turned over in the subsequent decades. With US help, dictator Manuel NORIEGA was deposed in 1989. The entire Panama Canal, the area supporting the Canal, and remaining US military bases were transfered to Panama by the end of 1999. In October 2006, Panamanians approved an ambitious plan to expand the Canal. The project, which is to begin in 2007 and could double the Canal's capacity, is expected to be completed in 2014-15.
President: Martín Torrijos Herrera (2004)
Land area: 29,340 sq mi (75,991 sq km); total area: 30,193 sq mi (78,200 sq km)
Population (2006 est.): 3,191,319 (growth rate: 1.6%); birth rate: 21.7/1000; infant mortality rate: 16.4/1000; life expectancy: 75.2; density per sq mi: 109
Capital and largest city (2003 est.): Panama City, 1,053,500 (metro. area), 437,200 (city proper)
Other large cities: San Miguelito, 309,500; Colón, 44,400
Monetary units: balboa; U.S. dollar
Languages: Spanish (official), English 14%, many bilingual
Ethnicity/race: mestizo 70%, Amerindian and mixed (West Indian) 14%, white 10%, Indian 6%
Religions: Roman Catholic 85%, Protestant 15%
Literacy rate: 93% (2003 est.)
Economic summary: GDP/PPP (2005 est.): $22.33 billion; per capita $7,100. Real growth rate: 4.9%. Inflation: 2.5%. Unemployment: 8.7%. Arable land: 7%. Agriculture: bananas, rice, corn, coffee, sugarcane, vegetables; livestock; shrimp. Labor force: 1.39 million; note: shortage of skilled labor, but an oversupply of unskilled labor (2005 est.); agriculture 20.8%, industry 18%, services 61.2% (1995 est.). Industries: construction, brewing, cement and other construction materials, sugar milling. Natural resources: copper, mahogany forests, shrimp, hydropower. Exports: $7.481 billion f.o.b.; note: includes the Colon Free Zone (2005 est.): bananas, shrimp, sugar, coffee, clothing. Imports: $8.734 billion f.o.b. (includes the Colon Free Zone) (2005 est.): capital goods, foodstuffs, consumer goods, chemicals. Major trading partners: U.S., Sweden, Spain, Netherlands, Costa Rica, Netherlands Antilles, Japan, Mexico, Colombia (2004).
Communications: Telephones: main lines in use: 396,000 (1997); mobile cellular: 17,000 (1997). Radio broadcast stations: AM 80, FM 44, shortwave 0 (1998). Radios: 815,000 (1997). Television broadcast stations: 38 (including repeaters) (1998). Televisions: 510,000 (1997). Internet Service Providers (ISPs): 6 (2000). Internet users: 45,000 (2000).
Transportation: Railways: total: 355 km (2002). Highways: total: 11,400 km; paved: 3,944 km (including 30 km of expressways); unpaved: 7,456 km (1999). Waterways: 882 km navigable by shallow draft vessels; 82 km Panama Canal. Ports and harbors: Balboa, Cristobal, Coco Solo, Manzanillo (part of Colon area), Vacamonte. Airports: 103 (2002).
