DSV opens Panama City office

Denmark-based logistics player DSV has opened an office in the Central American republic of Panama.
“We open the doors to our new office in Panama City, an important hub for Central America and the Caribbean, not least due to [its] free zones,” informed Torge Koehnke, executive vice president LATAM region at DSV Air & Sea.
“It is a strategic decision to move into Panama. Many of our customers use Panama’s free zones to distribute goods to the Central American and Caribbean markets,” Koehnke continued.
“In addition, Panama is an attractive place to store products and establish distribution to the countries in the region due to the tax benefits available.”
Jonas Thoroe, managing director, DSV Air & Sea Panama, who is in charge in the newly opened office, added: “With an office in Panama City, we are expanding our Air & Sea network and look forward to supporting current and new customers alike with their logistics requirements.”
Panama represents an important market for a logistics operator, DSV said in a statement. The country is politically stable, with a growing economy, and offers a “healthy and professional business environment”, it said.
Furthermore, as well as its own domestic market, Panama represents an important hub for distribution of goods to other Central American and Caribbean countries, DSV posited.