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Nicaragua and China Inaugurate First Commercial Maritime Route
By Guy José Bendaña-Guerrero & Asociados
On August 1, 2024, Nicaragua and China inaugurated a direct maritime trade route between the two countries with the arrival of the Sunny Fortune ship at Corinto Port, Nicaragua, from Tianjin Port, China.
The Sunny Fortune ship carries the first equipment and machinery to be used in the construction of the new Punta Huete International Airport in Nicaragua, a key project being built as part of the Belt and Road Initiative that will significantly enhance Nicaragua’s air connectivity, allowing direct flights from Asia, Oceania, Europe, and Africa.
The new direct maritime route between Tianjin Port and Corinto Port represents a historic milestone in the development of commercial relations between China and Nicaragua and will become a crucial pillar for fully leveraging the Free Trade Agreement between our countries.
The new connection aims to provide a more efficient transportation channel for goods as it eliminates the need for transhipment in other ports, reducing transit time and costs. Therefore, the new route could lead to an increase in trade volume between the two countries, particularly for products like agricultural goods, textiles, and electronics.
The China-Nicaragua route will be operated by three vessels and will consist of a monthly voyage with an approximate duration of 30 days.
Guy José Bendaña-Guerrero & Asociados
GUY JOSE BENDAÑA GUERRERO & ASOCIADOS has a long and prosperous tradition in the field of intellectual property (IP) in Nicaragua, with roots that go back to more than 100 years, resulting on long-term relationships with renowned clients and attorneys worldwide.
The firm has its origins in the law firm Henry Caldera & Henry Caldera-Pallais, founded in 1907 by Mr. Henry Caldera. That same year of 1907, through the efforts of Mr. Caldera, Nicaragua had its first Trademark Law. In the late 1930’s, Mr. Caldera’s oldest son, Dr. Henry Caldera-Pallais, after studying law in Nicaragua, attended the University of Michigan, where he graduated as a Registered U.S. Patent Attorney. Dr. Caldera-Pallais in 1964 was a founding member of the Interamerican Association of Intellectual Property (ASIPI), the first regional intellectual property organization in the Americas. The firm continued to grow during the administration of Dr. Franklin Caldera, son of Dr. Caldera-Pallais, who obtained his doctoral degree in law from the Universidad Centroamericana in 1973.
Since 1985 the current partners, Dr. Guy José Bendaña Guerrero and Mrs. Blanca Aragón de Bendaña, took over the management of the firm. Dr. Bendaña Guerrero, Director of the firm, has distinguished himself as one of the most respected authorities in Central America in the field of intellectual property and law in general, being the author of several books such as “Course of Industrial Property Law”, “Study of the new Laws of Industrial Property” and “New Study of Contracts “, among others. Mrs. Aragón de Bendaña has served as the firm’s general manager and, thanks to her excellent management, the firm has been in constant growth, with a highly qualified staff committed to excellence. Since 1996, partner Julián José Bendaña Aragón joined the firm, and has been standing out as one of the most recognized attorneys in the field of intellectual property.
We have adapted to the constant change of the business world, supporting our clients in finding the most appropriate legal solutions for each moment. The firm distinguishes itself by understanding the needs of its clients, offering personalized service and adding value to its activities.
Nowadays we continue to be the leading firm in Nicaragua in the area of intellectual property, and at the same time, we have been consolidating other areas of service within the civil, commercial and labor fields, as well as litigation and consulting in general. The firm is well positioned to guarantee a pragmatic service that meets the requirements of the most demanding clients.