The Panama Canal and the U.S. Grains & BioProducts Council (USGBC) signed a Memorandum of Understanding (MOU) designed to strengthen their collaboration through the enhancement of global trade with U.S. agricultural products. Under the terms of the MOU, the Panama Canal and USGBC will collaborate on joint market efforts like economic analysis, as well as sharing trade and logistical data. Through this type of cooperation…
China's COSCO Shipping has suspended operations at Balboa port which is located at the entrance to the Panama Canal, according to local newspaper La Prensa, which published a notice to clients from the shipping and logistics conglomerate.Balboa…
Hong Kong conglomerate CK Hutchison said on Tuesday Panama authorities had threatened its employees with criminal prosecution if they refused to leave two strategic canal ports at the centre of a legal battle that has embroiled Beijing and Washington…
Hong Kong's CK Hutchison said on Wednesday its Panama Ports Company unit has started international arbitration proceedings against Panama after the country's top court annulled its licences to operate two Panama Canal ports, in a case that could take years to resolve…
China warned Panama on Tuesday there would be 'heavy prices' to pay after a court ruling there annulled Hong Kong-based CK Hutchison's contract to operate two ports at the Panama Canal.China's Hong Kong and Macau Affairs Office called the ruling by Panama's Supreme Court 'absurd…
The Panama Canal Authority (ACP) has commemorated 26 years of Panamanian administration, marking a new anniversary since its transfer at noon on December 31, 1999.The Authority says this historic milestone was a catalyst for national sovereignty…
The Panama Canal expects an increase in transits of liquefied petroleum gas (LPG) vessels and carriers of some agricultural commodities to help it compensate for a reduction in world trade next year, the waterway's chief told Reuters on Monday…
The Panama Canal has unveiled a ten-year roadmap designed to reinforce its strategic role in global trade, safeguard long-term sustainability, and deliver tangible benefits to the nation.The canal’s vision rests on two main pillars. First, water security…
The number of vessels that passed through the Panama Canal edged down slightly to an average of 32.5 ships per day in August compared to the 32.6 per day in the previous month, its authority said in a bulletin released on Wednesday.While traffic…
The Panama Canal will soon begin consultations with companies about launching a competitive tender in the first quarter of next year offering two new ports for construction and operation within its zone, a source involved in the preparations said on Thursday…
CK Hutchison said on Thursday its $22.8 billion ports business sale had a 'reasonable chance' of going through after a plan to add a Chinese major strategic investor to the buying consortium, as it tries to navigate through Sino-U.S. tensions…
Panama's maritime authority (AMP) said on Monday it has launched a process to cancel the registrations of 17 vessels included in a list of sanctions from the U.S. Treasury's Office of Foreign Assets Control (OFAC).'The AMP has tightened its…
China's state-owned shipping company China COSCO Shipping is looking to join the global consortium that's acquiring Hong Kong business tycoon Li Ka-shing's overseas ports and is requesting veto rights or equivalent power in the entity which will take over 43 ports…
The Panama Canal Authority celebrates the ninth anniversary of the canal’s expansion on June 26, reporting a rise in both transits and tonnage moved during the first eight months of fiscal year 2025 in comparison to the same period last year…
The number of vessels that passed through the Panama Canal rose to an average of 34 per day for a total of 1,021 transits last month, from an average of 33.7 per day in March, according to a bulletin published by the waterway's authority.In the first four months of 2025…
