Panama’s Cabinet has officially approved Thursday, the modification of the Panama Canal tolls structure, including a delayed implementation date for some market segments, following feedback from the industry.
Ricaurte Vasquez Morales, an economist with more than 30 years' experience in the public and private sector, was sworn-in as the new administrator of the Panama Canal today for a seven-year term at the helm of the waterway.
t has been raining heavily in the Panama Canal watershed recently, leading Canal authorities to reconsider the maximum authorised draught for the vessels transiting the new neo-panamax locks as the levels of Gatun Lake are rising.
The Panama Canal Authority (ACP) held Tuesday a public hearing on the proposed modifications of its toll structure which culminated the period for receiving inquiries from the industry.
The Panama Canal Authority (ACP) has announced the suspension of its previously announced draught restriction of 13.11 m (43.0 feet) maximum Tropical Fresh Water (TFW) for vessels transiting the neo-panamax locks and 11.73 m (38.5 feet) TFW for...
The US China trade war that began almost a year ago, is taking its toll as illustrated by revenues from the Panama Canal.
The Panama Canal Authority (ACP) has announced it is again postponing a planned reduction, however, water levels remain below the average for last 65 years as climate change impacts the key waterway.
The Panama Canal has published a proposal to modify its current tolls structure for the major shipping sectors.
The Panama Canal Authority (ACP) has again postponed a further draught reduction, which would have been the sixth of this year.