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 of the network of existing…

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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 of the 20th century. With…

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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 U.S. maritime law. A federal…

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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 save up to 20 percent…

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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, 37% of Panamanians fully agree…

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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 finished products and automobiles, impacts…

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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 and Panamanian Juan Carlos Varela,…

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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. The United Nations expects the…

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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, since, according to the diagnosis…

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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 the wake of the war….

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