Panama port activity not only rose by 5.3% last year but also registered the highest volume ever with 7.73m teu despite a lock down for several months and other restrictions. All terminals posted growth with the exception of Evergreen’s Colon Container Terminal (CCT) on the Atlantic side. Manzanillo International Terminal-Panama (MIT) saw an increase of […]

The Central American country placed in the international market $1.25 billion at a rate of 2.2% expiring in 2032 and $1.2 billion at a rate of 3.4% expiring in 2060. Panama ventured today into the international capital markets through the reopening of Global Bonds expiring in 2032 and 2060 for an amount of $2.45 billion, as […]

Panama’s banana exports achieved good results in 2020, despite the evolution of the pandemic. The producing region of Baru, province of Chiriquí, and Bocas del Toro increased their exports of this fruit by 7%, going from exporting 18,577,393 boxes in 2019 to 19,884,215 boxes of bananas in 2020, at an average price of 7.66 balboas […]

Polaris Infrastructure Inc. (TSX: PIF) (“Polaris Infrastructure” or the “Company”), a Toronto-based company engaged in the operation, acquisition and development of renewable energy projects in Latin America, announced today that it has extended the period of exclusivity to June 30, 2021 for the Memorandum of Understanding (“MOU”) signed in 2020 to acquire the owner of a Panama-based 10 MW run-of-river […]

A new, large-scale gas to power project is envisioned for Panama, home to Central America’s first such undertaking after AES Panamá brought online its 381MW plant (pictured) in 2018. BNamericas has learned that Generadora de Gatún holds a provisional license from public services regulator Asep for the 670MW Gatún natural gas-fired project. The plant would be built in the […]

This appeared in Newsroom Panama.  Good Op-Ed. The Supreme Court of Justice should prepare a very detailed manual or guide for filing complaints or lawsuits against the immaculate fathers of the country, since the “suitable evidence” is the most difficult puzzle to put together in judicial matters, because, whatever The one that is presented for […]

  Ongoing congestion at the Panama Canal has forced charterers looking to deliver US LNG cargoes to northeast Asia to seek alternative routes, with the Suez Canal emerging as the clear preference in recent weeks. Transit of the Suez Canal had already increased for carriers with US cargoes that were loaded in December and en route […]

(ATR) The International Olympic Committee recognizes Damaris Young as the new president of the Olympic Committee of Panama (COP) and “energetically” rejects the violation of the autonomy of the national Olympic entity. Damaris Young is the new president of the Olympic Committee of Panama. (Young) Young, a former national basketball team member and jurist specializing […]

Fitch Ratings-Colombia-14 January 2021: Fitch Ratings’ outlook for the insurance sector in Panama is worsening, based on the behavior of the country’s macroeconomic variables. Fitch expects the economy to contract 13.2% followed by a 4.3% rebound in 2021. Although the growth of the main business lines was affected by the pandemic in 2020, the technical […]

It has become a most comprehensive source of information on and for the domestic maritime industry presenting all the components of a sector contributing more than 35% of the country’s GDP and which has given Panama a brand name of excellence. Like every year, the Panama Maritime Review gives a detailed outlook of the various […]