Every time we drive from Boquete to David, we cross over a buried pipeline that runs from Charco Azul near Puerto Armuelles to Chiriqui Grande on the Atlantic coast. Although Chiriqui Grande has the name “Chiriqui” in the name, it is actually located in the province of Bocas Del Toro. Although the pipeline is […]
Jeff Berman — Logistics Management PANAMA CITY, Panama—The Panama Canal Authority (ACP) and the Port of New Orleans said this week they have renewed their Memorandum of Understanding (MoU), which has been in effect since 2003. This renewal comes at a time when the Port of New Orleans is focused on its recently-announced $1.04 billion […]
The canal expansion and an influx of firms are transforming the city, but its infrastructure is sorely inadequate.
PANAMA CITY — The explosions that shatter the early morning quiet here are perfect metaphors for another kind of boom, the economic one transforming Panama’s capital.
The blasts a few miles north of the city are part of the […]
PANAMA CITY, June 13 (Reuters) - Consumer prices in Panama rose 0.8 percent in May, while 12-month inflation at the end of the month was 8.8 percent as consumers paid more for gasoline and food, the government said on Friday.
Dollarized Panama continued to be hit hard in May by a weak dollar, which has pushed […]
This article from La Prensa about the slow down in canal traffic seems to have significant discrepancies in the toll revenue statements being bantered about. The prospectus put out by the country to refinance it debt show gross canal revenues at about $1.2 billion for 2007 while the article states that 2009 revenues were projected […]
By Andrew Beatty PANAMA CITY (Reuters) - A U.S.-owned cruise ship has paid a record $331,200 to cross the Panama Canal as vessels fight for space in the increasingly congested waterway, authorities said on Tuesday. The 964-foot (295-meter)-long Disney Magic, owned by a subsidiary of Walt Disney Co, broke the transit record on May 16, […]
In 2009, Celebrity Cruises will offer its passengers more variety than ever before for a sailing through the Panama Canal’s famed Gatun Locks.
In its late-2009-to-early-2010 season, Celebrity Cruises will offer 18 “open-jaw,” or non-roundtrip, sailings through the Canal. Highlights include a varied range of 13- to 16-night cruises; the first Panama Canal cruise Celebrity […]
La Prensa - With the simultaneous detonation of 36 tons of explosives yesterday, the height of “Cerro Paraíso” was reduced from 136 meters to 55 meters. The explosion is, according to the Panama Canal Authority, the second largest blasting operation since the start of the project to expand the Panama Canal on 3 September 2007. […]
THE Panama Canal is struggling to control major congestion as transit times nearly double to a record 53 hours, while this week’s backlog averaged 93 vessels.
Queues have eased little from their peak in March, when 119 vessels waited as long as eight days to transit the major trade artery.
That is despite a series of measures […]
Potential bidders are saying that they need more time to prepare their proposals.
The Autoridad del Canal de Panamá (ACP) has extended the deadline for the submission of technical and economic proposals for the design of the third set of locks that are essential to the waterway’s expansion.
The closing date was moved from Aug. 22 to […]
