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BUSINESSAug 26Panama Canal Chief : Surge in Unreserved Ships Is Fueling Record Auction PricesThe chief of the Panama Canal reports that a surge in unreserved ships is leading to record auction prices. This indicates significant demand and potential congestion issues affecting global maritime trade.gcaptain.com · United States
DISASTERBREAKINGAug 26Panama and El Salvador declare emergency over El Nino-fuelled droughtFrance 24 [en]
BUSINESSAug 25Asian shipper pays record US$5.3 million for Panama Canal accessA shipper needing to transit the Panama Canal bid a record US$5.3 million to secure its spot, according to people familiar with the matter. South Korea-based SK Gas Ltd agreed to pay the sum to travel the canal on September 1, said the people, who could not be identified as the information was confidential. The fee, determined through an auction run by the canal authority this week, breaks the previous high of US$4.6 million set earlier this month, also paid by a shipper controlling a South...South China Morning Post
CONFLICTAug 24En quoi les troubles dans le détroit d'Ormuz attisent-ils une querelle entre superpuissances au sujet du canal de Panama ?Les États-Unis et la Chine se sont à nouveau affrontés au sujet du canal de Panama, cette voie navigable stratégique qui représente environ 5 % du commerce maritime mondial, mais près de 40 % du trafic de conteneurs américain.BBC Afrique
DISASTERBREAKINGAug 23Panama City Beach landmark Jaws Souvenirs shop destroyed by early morning fireA landmark souvenir shop in Panama City Beach, Jaws Souvenirs, was destroyed by an early morning fire. This incident resulted in the loss of a well-known local business.fox5dc.com · United States
DISASTERAug 232 rescued off India eastern coast after distress alert from Panama - flagged cargo shipTwo individuals were rescued off India's eastern coast after a Panama-flagged cargo ship issued a distress alert. This successful rescue operation averted a potential maritime disaster.therecord.com · Canada
DISASTERAug 22Panama Canal to reduce shipping over El Nino-fuelled droughtSouth China Morning Post
DISASTERBREAKINGAug 22India launches rescue mission as Panama-flagged cargo ship sinks off east coastSouth China Morning Post
DISASTERBREAKINGAug 22Panama-flagged cargo ship sinks in Bay of Bengal, rescue operations onThe Hindu
DISASTERBREAKINGAug 22Panama-flagged cargo ship sinks 240 nautical miles off Odisha coastA Panama-flagged cargo ship sank in the Bay of Bengal on Saturday, about 240 nautical miles from the Paradip coast in Odisha.newsbytesapp · india
BUSINESSAug 22Panama Canal to reduce shipping as ‘extreme’ El Nino approachesPanama Canal will cut daily transits from 40 to 32 vessels by September 15, risking slower shipping and higher costs.Al Jazeera [en]
DISASTERAug 21Panama Canal to reduce shipping as El Niño fuels drought in lakesThe Panama Canal plans to reduce shipping capacity due to drought in its feeder lakes, which is exacerbated by El Niño. This signifies a climate-related disruption impacting global maritime trade.euronews.com · United States
DISASTERAug 21Panama Canal to cap ship transits due to El Nino droughtPanama Canal will cut daily transits of ships from September because of low rainfall and amid an intensifying El Nino event.DW News [en]
BUSINESSAug 21Panama Canal to cut number of ships passing through due to El NiñoThe crucial waterway's operator says low rainfall caused by the ocean pattern had led to the decision.BBC World
BUSINESSAug 21Panama Canal to reduce shipping as El Niño fuels drought in lakes that feed waterwayThe operator said it does not rule out further restrictions on shipping depending on how much it rains in the coming weeks.EuroNews [en]
DISASTERAug 21Panama Canal to limit shipping ahead of extreme weather during El NinoThe El Nino weather phenomenon is expected to increase the likelihood of drought and excess heat across the region.Al Jazeera [en]
BUSINESSAug 21Panama Canal to cut daily transits as El Niño grips regionAuthority plans to reduce number of passages for only the second timeFinancial Times
BUSINESSAug 20Panama Canal to cut daily ship traffic as drought worsens from El NinoThe Panama Canal will limit daily vessel traffic from September 3, the Pnama Canal Authority said Thursday, as a severe drought fuelled by El Nino depletes water supplies needed to operate the vital trade route. The restrictions will reduce crossings from 36 ships a day to 34, and then to 32 from September 15.France 24 [en]
BUSINESSAug 20Hong Kong conglomerate seeks $1 . 5 billion in damages from Panama for takeover of canal portsA Hong Kong conglomerate is seeking $1.5 billion in damages from Panama for the alleged takeover of canal ports. This highlights a major international business and legal dispute.mymotherlode.com · United States
BUSINESSAug 20CK Hutchison seeks US$1 . 5 billion from Panama in treaty dispute arbitrationCK Hutchison is seeking $1.5 billion from Panama through treaty dispute arbitration. This action indicates a major financial disagreement between the company and the country.channelnewsasia.com · United States
BUSINESSAug 20Hong Kong conglomerate seeks $1 . 5 billion in damages from Panama for takeover of canal ports – Winnipeg Free PressA Hong Kong conglomerate is seeking $1.5 billion in damages from Panama following the takeover of canal ports. This represents a major international business and legal dispute.winnipegfreepress.com · Canada
BUSINESSAug 20Panama will Charge ITBMS to Netflix and other platforms . Felipe Chapman Explains How . Panama plans to implement an ITBMS charge on Netflix and other digital platforms. Felipe Chapman will explain the details of this new taxation policy.newsroompanama.com · Panama
BUSINESSAug 20Hong Kong’s CK Hutchison seeks HK$11.7b from Panama over canal ports disputeHong Kong-based CK Hutchison has launched international arbitration against Panama, seeking more than HK$11.7 billion (US$1.5 billion) in damages over the government’s takeover of two strategic ports at the entrances to the Panama Canal. Announcing the move on Thursday, the Li Ka-shing family-backed conglomerate said Panama had breached an investment-protection treaty and international law through “sovereign acts” targeting its decades-old concession to operate the Balboa and Cristobal...South China Morning Post
BUSINESSAug 13CK Hutchison says ‘forced termination’ of Panama ports cut 1% off throughputHong Kong-based CK Hutchison Holdings has revealed the “forced termination” of operations at two strategic Panama Canal ports shaved 1 per cent off overall throughput in the first half of this year, even as the overall port portfolio performed better than a year ago. In its half-year financial results released on Thursday, the Li Ka-shing family-backed conglomerate for the first time quantified the impact of losing the ports after the Panama government nullified an operating contract and then...South China Morning Post
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