Panama Pork Trade Agreement


News from Panama

Panama may not be the largest export market for U-S pork, but never-the-less, National Pork Producers Council officials say it is an important market.  The free trade agreement created ten years ago is about to expire, and NPPC president, Terry Wolters says pork producers want to see the trade agreement continue. Wolters says anytime the […]

April 22, 2022

Panama Canal Proposes New Toll System, Raising Transit Costs


News from Panama

The Panama Canal Authority proposed a comprehensive restructuring of its toll system on Friday, which would increase rates charged on cargo such as vehicles, oil and gas and soybeans that cross the waterway as ocean shippers rake in record profits. The changes would reduce the current structure to fewer than 60 tariffs from 430 now and focus […]

April 8, 2022

Fitch Revises Rating Outlooks of Panamanian Infrastructure Issuers After Sovereign Action


News from Panama

The rating actions follow the affirmation of Panama’s IDR at ‘BBB-‘ and the revision of its Rating Outlook to Stable from Negative. The revision of Panama’s Outlook to Stable reflects the ongoing improvement in the fiscal position and a better-than-expected economic recovery following the initial pandemic shock. Fitch’s fiscal expectations have improved amid a stronger-than-expected […]

February 11, 2022

LNG Cargoes Drive Record Tonnage at Panama Canal


News from Panama

The Panama Canal Authority said a record amount of tonnage passed through the waterway during fiscal year (FY) 2021, a milestone driven in large part by liquefied natural gas (LNG) cargoes, which saw the largest increase. “LNG is not only growing the fastest, but it has had its best year in terms of tonnage through […]

November 10, 2021