By: Staff Writer October 11, 2024 As the Panama Canal begins to fill from the months long drought, it is expecting a very busy remainder of 2024 and 2025 year…
Category: PANAMA
Panama Canal authorizes 50 ft draft size due to lake Gatun rise
By: Staff Writer August 23, 2024 The Panama Canal Authority announced authorized draft starting immediately will be 50 feet as Gatun lake is projected to rise. An additional transit slot…
Unifeeder Group arrives in Panama to continue expansion in Latin America
July 9, 2024 Unifeeder Group, one of the main multi-regional container and feeder operating companies, settled in Panama to continue its expansion in Latin America (LATAM) from here, promoting trade…
Foreign investments exceed US$10 million in residency program in Panama
July 9, 2024 Foreign investments exceed US$10 million in residency program in Panama More than US$10.4 million in investments have been generated by the certifications of the Permanent Residence Program…
IMF Executive Board Concludes 2024 Article IV Consultation with Panama
June 28, 2024 On June 3, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Panama.[1] The Board considered and endorsed the staff appraisal…
Panama Canal to increase daily transits and draught signaling a return to normalcy
By: Staff Writer June 14, 2024 The Panama Canal will increase its daily transits from 32 to 33 this coming July 11, and shippers could not be more excited about…
Panamanians need canal water to drink- What do they do?
By: Staff Writer March 22, 2024 During Panama’s worse drought on record, the renown Panama Canal is affected not only by weather challenges in this prolonged dry season, but the…
Panama Canal Drought: Canal should be 5 feet higher now
By: Staff Writer March 8, 2024 The drought in the Panama Canal is so severe, it is down by five feet of its original level, signaling that trade may be…
Panama: Staff Concluding Statement of the 2024 Article IV Mission
March 5, 2024 In the two decades preceding the pandemic, Panama advanced in income convergence, with Panama’s income ratio to the US increasing from thirty-three to forty-eight percent. Rapid growth…
Panama Canal demand for transit through increases- NO MORE RESTRICTIONS BEFORE APRIL!
By: Staff Writer February 9, 2024 The Panama Canal is seeing high demand for transit despite the ongoing drought, all in part due to the political demand in and around…
Drought continuing to impact Panama Canal- Maersk takes land route as bypass
By: Staff Writer January 19, 2024 The Panama Canal continues to battle through its worse drought in history, forcing shippers to change routes. It has also forced authorities to slash…
Panama president directs First Quantum to shut copper mine after court ruling
December 1, 2023 Panama’s president said on Tuesday that Canadian miner First Quantum’s lucrative copper mine Cobre Panama would be shut down, hours after the country’s Supreme Court declared its…