Commerce through Canal is LESS than projected for 2024.
https://www-laestrella-com-pa.translate.goog/economia/vasquez-los-ingresos-del-canal-para-el-2024-se-encuentran-por-debajo-de-lo-presupuestado-FK8048632?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=sc Vásquez said that he will follow the schedule for increasing ship traffic established for this week of 34. Two months before the end of fiscal year 2024, Ricaurter Vásquez, administrator of the Panama Canal, announced on July 24 that income is below what was established in the budget, but …
CRWD/MSFT issue with AI platform causes a “shit storm” worldwide. Hope you weren’t travelling.
https://www.nytimes.com/2024/07/19/business/microsoft-outage-cause-azure-crowdstrike.html Airlines grounded flights. Operators of 911 lines could not respond to emergencies. Hospitals canceled surgeries. Retailers closed for the day. And the actions all traced back to a batch of bad computer code. A flawed software update sent out by a little-known cybersecurity company caused chaos and disruption around …
Panama plans for further expansion of an additional “lock” within 6 years.
https://www.yahoo.com/news/panama-canal-expects-water-reservoir-232824557.html PANAMA CITY (Reuters) – The Panama Canal expects to complete a billion-dollar construction of a new water reservoir within six years that will help ensure the passage of 36 ships a day, the administrator of the global waterway said on Monday. The Indio River reservoir project would become part …
Historical Retrospective on the CANAL: As it defines the PAST, PRESENT, and FUTURE of PANAMA.
https://www.laestrella.com.pa/panama/publicando-historia/pasado-presente-y-futuro-poniendo-en-perspectiva-al-canal-de-panama-FE7547711 This engineering work has a great connection with the Panamanian idiosyncrasy as well as the history of the isthmus, in which it continues to be a relevant element. The return of the Panama Canal and the Canal Zone to the Panamanian administration is one of the most important events …
Hold on,,,,,,,So ASEP does in fact have a “working office”???? Just not open to Ex-Pats I guess.
https://www.laestrella.com.pa/contenido-patrocinado/eficiencia-energetica-para-la-industria-panamena-una-oportunidad-de-sostenibilidad-y-competitividad-con-erco-energia-XG7239275 Erco Energía presents itself as a strategic ally for companies in Panama that are looking for advice and solutions regarding energy efficiency for their production processes. Panama’s industrial sector has long been a key driver for the country’s economy and progress. However, the increase in energy and power rates, …
Singapore owned vessel from Baltimore bridge collapse calling on an 1851 Law to limit liability.
https://fortune.com/2024/04/01/baltimore-francis-scott-key-bridge-liability-cap-44-million-singapore/ The owner and manager of a cargo ship that rammed into Baltimore’s Francis Scott Key Bridge before the span collapsed last week filed a court petition Monday seeking to limit their legal liability for the deadly disaster. The companies’ “limitation of liability” petition is a routine but important procedure for cases litigated under …
Friend in tourism sent me this about extended PANAMA cruise offered now.
https://www.travelagentcentral.com/cruises/scenic-announces-new-scenic-eclipse-2023-2024-caribbean-collection-0 Scenic has unveiled the 2023-2024 Caribbean Collection for its Discovery Yacht Scenic Eclipse. The itineraries will allow guests to explore some of the more remote destinations, only accessible to smaller ships. Ports such as Darby Island, Egg Island and Long Island in the Bahamas, Puerto Rico’s Isla de Culebra, Grenadines’ Mayreau, and Isla de Providencia in Colombia, among others promise a more intimate experience. Booking early can …
Panama recognizes the role climate chnage is having on the Canal.
https://www.laestrella.com.pa/nacional/230904/panamenos-reconocen-cambio-climatico-afecta The Panama Canal is facing a crisis due to water shortages. The Panamanian recognizes that affectation. The Gismo Services, SA survey, published monthly in La Estrella de Panamá, revealed that 81% of Panamanians agree that climate change is already affecting the operation of the Panama Canal. According to the survey, …
With elections looming, Facebook type fake accounts are being held accountable.
The Electoral Tribunal (TE) processes 747 files of violation of electoral propaganda on the internet and social networks.The files are generated by the Center for Studies and Digital Monitoring of the TE and presented to the Directorate of Electoral Organization for investigation.This week the regulatory body for electoral processes issued …
The one group of immigrants PANAMA “does” want to come over. Digital Nomads
The rise of remote or remote work, pushed by the covid-19 pandemic, opened the door to digital nomads. So much so that today it is one of the most frequently heard terms when talking about work trends and lifestyles in the world. A digital nomad is a person who uses the …
International conflicts showing effects on Canal traffic and business
https://www-laestrella-com-pa.translate.goog/economia/220815/canal-panama?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=sc The Panama Canal, due to its importance for world trade, does not escape the collateral effects of the covid-19 pandemic and the conflict situations in the international environment that are currently taking place. A decrease in the trade of liquefied natural gas, in the traffic of elaborated merchandise and …
US and China remain at loggerheads over the commerical power of Canal.
https://www.laestrella.com.pa/nacional/220803/disputa-china-ee-uu-comercial This is not the first time that Daniel Runde, a senior executive at the Center for International Strategic Studies, has written about the Panama Canal. He did it in 2011 when he analyzed the impact of the road expansion. In 2017 he described the exchange of messages between President Donald Trump …
Putin’s senseless war affecting GLOBAL supply chain. In particular, PANAMA.
https://www.laestrella.com.pa/economia/220519/guerra-ucrania-frena-recuperacion-economica The war in Ukraine is slowing down the fragile economic recovery that the world had begun after the covid-19 crisis, the UN said on Wednesday, lowering its global growth forecast for this year from 4% to 3.1% and warned that the deterioration may end up being even greater. …
Panama once again at crossroads of money V.S environment. 150 hectares of rainforest assigned.
https://www.laestrella.com.pa/economia/220411/chiriqui-potencia-zona-maritima-auxiliar The Paridas Islands, located in the Gulf of Chiriquí, have a tourist attraction that attracts thousands of visitors, who arrive from boats or small cruise ships that leave the Pacific of Costa Rica. For several years, this movement of tourists has generated discontent in the western area of the country, …
How is Ukraine war affecting Panama supply chain?
https://www.laestrella.com.pa/economia/220315/220316-productos-panama-mas-importa-ucrania-verse-afectados-guerra Although in the trade balance the volume of trade between Ukraine and Panama is not as high compared to other countries in the world, there are certain productive sectors that could be affected by the Russian invasion and by the increase in fuel costs that is being generated in …
“Greedy” Panama steps BACK when World steps UP.
With the EU stopping all natural gas, neighboring nations refusing air and sea traffic, US closing and seizing billions from oligarchs,,,,,,,,,,,,,Panama chooses to hide behind the archaic neutrality treaty. EVEN Switzerland chose a side. Panama is run by it’s own oligarchy and it’s high time people know it. As a …
Cyber threats and computer bullshit to continue in 2020 and beyond.
https://www.laestrella.com.pa/cafe-estrella/tecnologia/191212/principales-amenazas-ciberseguridad-dominaran-2020 The impact of cybercrime will undoubtedly grow in the coming years. Cybersecurity Ventures statistics reveal that such crimes will cost the world $ 6 billion by 2021, compared to $ 3 billion in 2015. This represents the largest economic transfer in history, its amount exceeds, for example, the illegal transfer …
I’m being restrained. Not even allowed to comment on this.
OP ED: James “JB” Bryson- As I eluded to yesterday, the vim and vigor is taking a back seat for the holidays. But I am so keen to speak on this action, as if is finally making news. I have too many friends to count that work in Customs either …
Just a little tidbit for PNO followers, as “privacy” is ruling the day.
OP ED: James “JB” Bryson: Since all of us are now reading of the Martinelli “punctures”, and now Varelaleaks, I still have some lingering questions about the “who” and the “why” behind certain things myself. Though admittedly not nearly as high profile. As I post each day with my own …
2019 ends with 6.2% increase in goods through the Canal.
https://www.laestrella.com.pa/economia/191009/6-2-ano-2019-canal Despite the economic and commercial situation in the international environment, the tonnage of cargo by the Canal maintained its dynamism, according to the figures of the Panama Canal Authority (ACP). According to statistics, the Canal closed fiscal year 2019 with a 6.2% increase in tonnage, compared to the previous …
Largest ship to record passes into new expanded Canal.
The container ship Triton, of the shipping Evergreen, became this Wednesday the largest and largest capacity ship to transit the Canal expanded since its opening on June 26, 2016. Neopanamax help port growth Huge LNG vessel, in the bowels of the Canal The neopanamax Triton set a new record with …
Cortizo makes Panama H20 one of the first priorities of administration.
The government of Laurentino Nito Cortizo will be put to the test to avoid a future water crisis for human consumption and the transit of more and more ships through the Panama Canal . Time is short for water supply “After the year 2024 or 2025, if we do not …
Construction of the 4th bridge to canal finally commences.
The Design and Construction project of the Fourth Bridge over the Panama Canal is progressing, despite the controversies that have arisen since its announcement, in 2015. Yesterday, President Juan Carlos Varela and the Minister of Public Works, Ramón Arosemena, gave the first shove that marks the start of the megaproject …
Varela slight on Taiwan has EVERYTHING to do with money and coziness with communist China
ED OPINION: by James “J.B” Bryson If you so choose to go back and read some of the previous posts and re-distribution of articles on PNO.com, you will see that we have paid close attention to the awarding of contracts to multiple Chinese corporations as Panama continues to try to …
Contract for Balboa shipyard amended
An addendum to the concession contract between the State and the Mec Shipyards consortium, signed in 2012 by the last administration, seeks to modify two clauses of the agreement. The request of the Panama Maritime Authority (AMP) entered the Office of the Comptroller General of the Republic on June 6 …
Panama looks to capitalize on Solar for the future
It is a call that insistently touches the shoulder of every nation. The duty of each of them is to accelerate the transition to an energy system based on renewable technologies, that is, to develop clean energies. What is left behind are fossil fuels to reduce the polluting emissions of …
Panamanians have low participation in high positions
The incorporation into the economic activity of women in Panama is far from assimilating to their educational achievements with an imbalance in their labor participation and decision-making positions in companies, since 12 percent have females in senior management positions, when the goal defined by international studies is 33 percent. This …
Canal Tugboat Captains file criminal complaint
The tugboat captains of the Panama Canal yesterday filed a criminal complaint against waterway administrators, accusing them of having affected maritime transport on 12 and 13 April, by unilaterally eliminating the third seaman who goes aboard the tugboats to support the transit of the neopanamax. The Union of Captains and …
Panama seeks to become Latin America leader in new Technology
This year Panama will present 130 technological patent applications to the Ministry of Commerce and Industries (MICI), which means that the country aspires to become the first in Latin America to generate applications through the Patent Cooperation Treaty (PCT). in English), when measuring the number of applications per million inhabitants, …
FACEBOOK enters alliance with Latin America; 1.9 Million Panamanian users
Facebook signed an alliance with Cisneros Interactive that makes the latter the official commercial representative of the social network in nine countries in the region: Panama, Puerto Rico, Guatemala, the Dominican Republic, Costa Rica, Uruguay, Bolivia, Ecuador and Paraguay. At present, 1.9 million Panamanians enter Facebook every month, of which …