1 What is the current state of the shipping industry in your country? The year started with the World Bank’s ominous warning about a global economic storm gathering in the horizon. The International Monetary Fund (IM)F has cut its global growth outlook to its lowest since the financial crisis. ICS, on its part, states that […]
Earlier this year, the Panama Canal implemented water saving measures after experiencing the fifth driest year at the Canal in 70 years. The Panama Canal has now emerged from its dry season equipped to ensure a competitive draft, and thus steady operations for months to come. Having an operational level of water and transit reliability in the second […]
Carnival Cruise Line worked closely with key Panamanian officials to transfer about 100 crew members by bus from a ship in the Pacific to one on the Atlantic. The 90-minute bus transfer across the Isthmus of Panama was seen as a faster, easier way to transfer the workers from the Carnival Miracle to the Carnival Glory, which will […]
From July 27th to 30th, the XXIV International Tasting The Best of Panama will take place virtually, in which 45 producers registered a total of 161 specialty coffee lots. Laestrella.com.pa reviews that “… The Specialty Coffee Association of Panama (SCAP) has completed the registration process and as of June 15 will receive 24,150 pounds of […]
Colon LNG Marketing (a subsidiary of AES Colón) and Tropigas Natural, S.A. (part of the Tropigas group) signed the first contract to supply Liquefied Natural Gas (LNG) through the modality of loading by tanker truck for the markets of Panama and Costa Rica. Elcapitalfinanciero.com reports that “… The agreement allows the use of a clean […]
Our children and grandchildren should read this and understand what will change as the future is here now. They must keep their eyes open for opportunities and maybe leave law school before it is too late!! This came to me from my friend Geoffrey McRae at Gateway to South America. From Udo Gollub after the Singularity […]
Both sides claim it is an “achievement.” But even though the struggle is to save lives, politically, it looks like a coexistence deal. After more than nine failed attempts at dialogue in Venezuela, the legitimate government of Juan Guaidó and the regime of Nicolás Maduro reached an agreement to allegedly address the “humanitarian crisis of […]
Fitch Ratings affirmed Banco General, S.A. (BG) Issuer Default Rating (IDR) at ‘BBB+’ with a Negative Outlook, its Short Term IDR at ‘F2’, and its Viability Rating (VR) at ‘bbb+’. Fitch also affirmed BG support rating (SR) at ‘5’ and its support rating floor (SRF) at ‘NF’. BG’s Negative Outlook is mirroring the Negative Outlook […]
The eight vessels have been tracked shipping liquefied petroleum gas to China and India during the past year. Five under investigation have reflagged to Panama after being deregistered by Liberia. THE maritime authority of Panama is investigating a fleet of eight Panama-flagged liquefied petroleum gas carriers linked to sanctioned Iranian shipments to China and India, […]
Panama’s government on Saturday said it would reimpose curbs on the movement of people in two provinces with the highest incidence of coronavirus following the latest increases in new infections in the Central American country. From Monday, Panama will re-apply restrictions to stem the transit of people in the provinces of Panama, which includes the […]