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

13 most beautiful Señorita Panamá 2021 candidates


News from Panama

Señorita Panamá 2020 Carmen Isabel Jaramillo Velarde, 26, of La Chorrera, Panama will crown her successor at the Hotel Whyndham Convention Center in Panama City, Panama on November 7, 2021. It will be the 55th edition of the national beauty pageant that selects Panama’s candidates for international beauty pageants including Miss Universe, Miss Supranational and Miss Grand International. Currently, Panama has […]

November 10, 2021