Panama renews maritime transport agreement with China


News from Panama

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 […]

August 17, 2021

Holistic assessment of plastic pollution in the Caribbean


News from Panama

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, […]

August 9, 2021

Panama open for charter


News from Panama

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 […]

August 9, 2021

Copa Holdings: Q2 Earnings Snapshot


News from Panama

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. […]

August 9, 2021