After a 50% year-on-year fall in new car sales in 2020, Panamanian businessmen expect a 25% increase in the number of units sold in the local market by 2021. The covid-19 outbreak generated a health and economic crisis that severely affected the automotive industry. The most recent report of the Comptroller General of the Republic specifies […]
The Panama Canal is a vital passage for moving goods from the Atlantic to Pacific oceans faster, and since its expansion in 2016 to accommodate larger vessels and increasing liquefied natural gas (LNG) traffic, it’s become a crucial route in moving LNG from the United States to Asia in a timely manner. LNG traffic has […]
During 2020, it is estimated that the average price of a ton of steel increased 19%, a rise that impacts the construction industry and is explained by the increase in logistics costs and the suspension of the extraction of the material due to the outbreak of covid-19. Central American businessmen report that during last year, which was […]
Some of the best fun I had fishing over the last 15 years was Popper Fishing the shore line in the waters of Gulfo de Chriqui. Stu Walker Fishing Adventures 18.9K subscribers A fantastic first trip to Panama with Panafishing. http://panafishing.com/index.html? Targeting rooster and cubera fish. Hectic action on both top-water and jigging with some […]
By offering a shorter route for ships, the Panama Canal contributed to a reduction of more than 13 million tons of carbon dioxide (CO2) equivalent emissions in 2020, in comparison to the most likely alternative routes. These savings are equivalent to the greenhouse gas emissions of 2.8 million passenger vehicles driven for a year or […]
The sudden fall in commodity prices, export volumes, FDI redirection, and growing unemployment strongly disturbs Latin American economies. The year 2020 was remarkable and impressionable to say the least, and transformational to be accurate. Before the end of the COVID-19 pandemic — which will most probably happen after the inoculation of the world population — […]
Given that the table area of restaurants and tourist sites are closed to the public in Panama due to the outbreak of covid-19, the business sector is asking the authorities to reconsider their reopening. According to the plans for the reopening of the economy, as of February 15, restaurants will be allowed to serve their tables and […]
The Panama Canal is working with local port officials to optimize supply routes for the distribution of Covid-19 vaccines and supplies to Latin America, officials from the canal said earlier this month. Panama Canal officials have signed memorandums of understanding with Panama Ports Company (PPC) and PSA Panama International Terminal (PSA Panama) to cooperate on a range of […]
Three LNG carriers started northbound transits of the Panama Canal yesterday, with two completing the passage in the same day, as demand for Pacific-Atlantic crossings ticks higher. The Panama Canal offers a maximum of two LNG carrier transits each day, although it has on occasion accommodated up to four daily transits. But only on a […]
As Damaso Espino watched Leo Bernal sign a contract with the Cardinals earlier this month, he saw the smiles, the hopes and the dreams that fill a 16-year-old’s head as he begins the journey of leaving his home in Panama to become a professional baseball player. There was a good reason why it seemed Espino […]