Regarding the trade promotion agreement between Panama and the United States, Cabrera revealed that the review committee meetings will begin in October. The United States ambassador to Panama, Kevin Cabrera , reiterated that his country is excited that Panama Ports Company (PPC) , a subsidiary of CK Hutchison, will no longer be operating the ports of Balboa and…
https://newsroompanama.com/2025/08/05/in-the-first-half-of-the-year-2025-panama-canal-toll-revenues-are-up-by-33/ Toll revenues on the Panama Canal increased 33.2% in the first half of the year. This achievement is due to the increase in the transit of vessels, mainly deep-draft vessels, during this period. Vessel traffic increased by 25.7%, with 6,855 vessels crossing the interoceanic waterway in the first half of the year, of which 5,967 were deep-draft vessels, an…
International shipping companies are competing to purchase CK Hutchison’s ports, while in Panama the concession contract is being challenged by the Comptroller General’s Office. For many, the ports of Cristóbal and Balboa are just another prize in one of the largest transactions in recent maritime history, but for Panama, they are precious resources, operated for…
“JB”- This is why it is called a “Trade War”. The agreement provides for the transfer of 90% of the stake in the ports of Balboa and Cristóbal, currently operated by CK Hutchison. China’s largest shipping company, state-owned giant Cosco , is negotiating its entry into the BlackRock- led consortium that will buy Hong Kong’s CK Hutchison ‘s two…
Let the “dog and pony” show begin. PANAMA makes it to the VIP Room. The foreign minister emphasized that removing the country from the list was one of the current Panamanian government’s priorities “from day one.” Panamanian Foreign Minister Javier Martínez-Acha celebrated Panama’s removal from the European Union (EU) money laundering list on Tuesday, July…
A total of 25,000+ vessel transits have crossed the expanded locks of the Panama Canal in the last nine years, since the inauguration of the first ship, the Cosco Shipping Panama, on June 26, 2016. Specifically, 2,181 vessels passed through the Neopanamax locks of the Panama Canal, a canal expanded by Panama, during these past eight…
The president questioned the US diplomat about a statement regarding antennas, along with the Ministry of Security, which places Panama in the dangerous conflict between Beijing and Washington. Less than two months have passed since the arrival of the United States ambassador to Panama, Kevin Marino Cabrera, and the first meeting with the Panamanian government…
https://newsroompanama.com/2025/05/12/what-does-the-us-china-tariff-deal-mean-for-the-panama-canal/ The US and China have agreed a truce to lower import taxes on goods being traded between the two countries. That means more ships traveling through the Panama Canal. Good for Panama. Good for the world. The agreement marks a major de-escalation of the trade war between the world’s two biggest economies, which…
https://www.bbc.com/news/articles/clyzlk259g2o A Hong Kong-based company has agreed to sell most of its stake in two key ports on the Panama Canal to a group led by US investment firm BlackRock. The sale comes after weeks of complaining by President Donald Trump that the canal is under Chinese control and that the US should take control…
https://www.laestrella.com.pa/panama/abogado-presenta-denuncia-contra-ministro-del-canal-por-traicion-FE12437543 Attorney Neftalí Jaén filed the complaint based on the joint statement signed by the Minister and the Secretary of Defense of the United States. On Monday, May 5, attorney Neftalí Jaén filed a criminal complaint against Canal Minister José Icaza Clement for possibly committing a crime against the international personality of the State. https://www.laestrella.com.pa/panama/abogado-presenta-denuncia-contra-ministro-del-canal-por-traicion-FE12437543…
