AP Moller - Maersk (Maersk) has appointed Efraín Osorio as Maersk's new managing director for Central America, Andean, and Caribbean, based in Panama City.

Maersk is reinstating Panama Canal transit for an Australia – US East Coast service as restrictions ease at the key waterway.

The US State Department Special Envoy for Iran, Abram Paley called on Panama to de-flag Iranian tanker vessels, suspected to evading sanctions imposed by Washington.

The Panama Canal Authority (ACP) is easing transit restrictions adding three daily book slots later in March as water levels improve.

There is a risk of congestion post Chinese New Year as crises in the Red Sea and Panama converge, but insurers played down a potential flashpoint in the Taiwan Strait.

The volume of containers handled by Panama ports fell 2.4% to 8.32 million teu in 2023 from 8.52 million teu a year before.

Panamanian lawyers, especially maritime lawyers, have had an intense year as they worked on bills and projects for the sector.