The tender was called five months ago and Astican subsidiary Astilleros Puerto Balboa (Astibal) is to pay Panama $14.4m as a fee during the 20 years of concession The fee is higher than the $12m which was the official price of the Panama Maritime Authority (AMP) modified by addendum to the bidding terms, since it […]
Panama renewed an agreement on maritime transport with China, granting more advantages for ship owners who have registered their vessels under its flag, the Panamanian Embassy to Korea said in a statement.The agreement, which was first signed in May 2018 for three years, was renewed and came into effect July 20 after negotiations between the […]
The Panama Canal reported this Monday that it activated a traffic separation scheme and limited the speed of ships passing through the road to avoid accidents with whales, which use the Gulf of Panama to winter. These measures, recommended by the International Maritime Organization (IMO) and implemented by the Canal since 2014, seek to protect […]
The Caribbean is renowned globally for its stunning beaches and crystal clear ocean. However, its islands and the surrounding sea are being contaminated by plastics and other humanmade fibres, posing a potential future threat to its diverse marine life and the tourism industry on which its economy depends. That is according to a new study, […]
A Panamanian court requested the extradition of brothers Ricardo Alberto and Luis Enrique Martinelli Linares, sons of the former president of Panama Ricardo Martinelli (2009-2014), imprisoned in the Guatemalan capital for an extradition proceeding to the United States, said Friday a source of the case. The Third Court of Criminal Cases of the First Judicial […]
The superyacht industry takes another step towards becoming truly global as Panama opens its doors to charter… As of 8 January 2021, the Panama Maritime Authority issued Resolution No.088-2020, wherein yacht charter licenses have become available for foreign-flagged superyachts to charter and operate in Panamanian national waters. The Operations License for Yacht Charters is part […]
Copa Holdings SA (CPA) on Wednesday reported second-quarter net income of $28.1 million, after reporting a loss in the same period a year earlier. On a per-share basis, the Panama City-based company said it had profit of 66 cents. Losses, adjusted for non-recurring gains, were 38 cents per share. The results beat Wall Street expectations. […]
This is not a picture of Panama, thank God! One of the many reasons I came to live here for 15 years now is not having to deal with alien substances coming out of my nose if I sneeze! Only three countries in the world, Panama, Bhutan and Suriname, are classified as “carbon negative,” meaning […]
According to Stephen Still’s Wikipedia entry, “He was also influenced by Latin music after spending his youth in … the Panama Canal Zone…” That explains this recording by Crosby, Stills, Nash and Young. Amazing to hear him sing “Yo soy Panameno! Get Vaccinated and stay safe!!
This is an excellent article from John Mauldin on his perspective of current events and where we are headed. If you look just at 2021, it seems the US economy is tearing higher. Real GDP grew an annualized +6.5% in the second quarter, the Commerce Department estimated last week. This follows a similar +6.3% first […]