By Elida Moreno PANAMA CITY, Sept 14 (Reuters) - Fewer ships from China and the United States could use the Panama Canal if trade tensions escalate between the two economic giants, but the dip could be offset by grain exports from north Brazil, the head of the organization that operates the waterway said. The canal, which cuts through Panama creating an essential … [Read more...]
Panama and China Kick Off Free Trade Talks With Eye Regional Hub
PANAMA CITY, July 9 (Reuters) - Panama and China opened free trade talks on Monday with the aim of crafting an agreement that could turn the Central American country into a hub for Chinese goods across Latin America. Panama's Minister for Trade and Industry Augusto Arosemena said the first round of talks would last until Friday, July 13, and establish the basis for the rest … [Read more...]
Panama Canal Adds Eighth Daily Booking Slot for New Neopanamax Locks
The Panama Canal Authority has added an additional daily reservation slot to its Neopanamax locks in order to further increase the capacity of the waterway at the demand of shippers. The one additional booking slot, which is effective immediately, brings the total available booking slots to eight daily. "The decision to offer additional capacity to shippers was made as a … [Read more...]
Expanded Panama Canal Sees Three LNG Carrier Transits in Single Day
By Ryan Collins and Naureen S. Malik (Bloomberg) -- Three liquefied natural gas tankers sailed through the Panama Canal on the same day this week, marking a first for the newly expanded waterway and highlighting the booming global gas trade. All three ships -- Gaslog Hong Kong, Gaslog Gibraltar and Clean Ocean -- entered the canal on a staggered basis from the Pacific side … [Read more...]
ITF: The Panama Canal “Adrift” Due to Safety Concerns
Here is a statement from the International Transport Workers' Federation (ITF) in response to the ongoing dispute between the Panama Canal Authority (ACP) and UCOC Panama, the ITF-affiliated union representing tugboat captains in the Panama Canal, after the ACP reduced the number of deckhands on tugs from three to two. You can read more about the issue here. The … [Read more...]