CK Hutchison invested $1.7 bln in Panama, surpassing obligations, it says
LONDON : A company controlled by Hong Kong-based CK Hutchison has invested $1.7 billion in two ports near the Panama Canal, it said on last Wednesday, surpassing the amount
US, Panama sign canal security pact to counter China as base proposal rejected
WASINGTON D.C. : The United States and Panama have signed a new defence and security pact to boost cooperation around the Panama Canal — a move US Defence
Transits through the Panama Canal down 10% : BIMCO
LONDON : “Between September 2024 and January 2025, ship capacity in deadweight tonnes transiting through the Panama Canal was 10% lower than the 2019-22 average. Although there were
Trump’s ambition to retake the Panama Canal could have a heavy cost
WASHINGTON D. C. : In recent weeks, when he was president-elect, Donald Trump publicly said that Panama should return the Panama Canal to the United States and that he would not rule
Panama Canal “is and will remain” Panamanian: Panama’s President tells Trump
PANAMA CITY : Panama on Monday rejected President Donald Trump‘s pledge that the United States would be “taking back” the Panama Canal, saying the key interoceanic waterway would
Panama Canal’s net income rose to $3.45 Billion despite drought
PANAMA CITY : The Panama Canal’s profit increased about 9.5% in the fiscal year ended in September to $3.45 billion despite a severe drought that reduced the number
Dry bulk sailing distances jump 31% for routes using the Panama Canal : BIMCO
LONDON : “The limits in daily transits in the Panama Canal have significantly affected the dry bulk market, with transits down 74% y/y between January and April 2024.
Panama Canal slowly returning to normal operations
PANAMA CITY : The increase in water levels in the Panama Canal has sparked hopes of a potential return to normal operations for container shipping after over a
Panama Canal in talks with US LNG producers to increase transit
NEW YORK : The Panama Canal is in talks with U.S. liquefied natural gas (LNG) producers on how to meet increased demand for crossings as water levels recover
A new solution proposed for drought-stricken Panama Canal goes around it
PANAMA CITY : As droughts continue to deplete the Panama Canal’s water levels, the maritime trading hub’s operators are planning a workaround. On Wednesday, Panama officials announced a new Multimodal