Panama Canal Defies Drought with $3.45 Billion Profit Despite Fewer Ships
By Elida Moreno and Marianna Parraga PANAMA CITY, Oct 25 (Reuters) – The Panama Canal’s profit increased about 9.5% in the fiscal year ended in
By Elida Moreno and Marianna Parraga PANAMA CITY, Oct 25 (Reuters) – The Panama Canal’s profit increased about 9.5% in the fiscal year ended in
The Panama Canal Authority has been implementing new economic and operational strategies to address water scarcity challenges posed by the 2023-2024 El Niño.
By Marianna Parraga Aug 26 (Reuters) – The Panama Canal expects to be ready to combat a possible new drought, which could hit the world’s
PANAMA CITY, July 30 (Reuters) – The Panama Canal expects to increase the number of daily transit slots for vessels to 36 from the current 34
PANAMA CITY, July 8 (Reuters) – The Panama Canal expects to complete a billion-dollar construction of a new water reservoir within six years that
The Panama Canal is marking the eighth anniversary of its historic expansion program by increasing its draft and daily transits amid an ongoing water crisis.
By Charlotte Goldstone (The Loadstar) – A new reservoir at the Panama Canal to improve reliability could be ready within four to five years of
(Bloomberg) — The Panama Canal has managed to ward off a shipping crisis that threatened to upend $270 billion a year in global trade. It did so with
The Panama Canal Authority has announced another increase in the number of daily transits through the waterway’s locks as rainfall returns to the region. The
The Panama Canal Authority announced Thursday an increase in the maximum authorized draft of the Panama Canal’s Neopanamax locks to 45 feet, bringing it
The increase in water levels in the Panama Canal has sparked hopes of a potential return to normal operations for container shipping after over a year of
PANAMA CITY, May 9 (Reuters) – The Panama Canal is in talks with U.S. liquefied natural gas (LNG) producers on how to meet
SAO PAULO, May 1 (Reuters) – The El Nino climate phenomenon, not climate change, drove lower rainfall last year that reduced the Panama
The Panama Canal Authority (ACP) has announced an increase in booking slots for its Panamax locks starting mid-May, in response to current and predicted water
As the dry season draws to a close, the Panama Canal Authority (ACP) is adjusting its operations to align with the climate conditions. Taking into account the
By Rick Shema, CCM There has been much discussion regarding disruptions in maritime shipping through the Panama Canal primarily due to the drought
By Anastasia Moloney PANAMA CITY, March 20 (Thomson Reuters Foundation) – As a colossal Chinese container ship maneuvered into the narrow Miraflores
The Panama Canal Authority (ACP) has announced an increase in the number of daily transit slots available in the older Panamax Locks. The measures come in
The Panama Canal Authority has announced plans to allocate more than $8.5 billion in capital investments towards sustainability projects over the next five
The National Weather Service’s Climate Prediction Center is forecasting an end to El Niño conditions by April-June 2024, with a 79% probability. The
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