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MercoPress, en Español

Montevideo, February 22nd 2025 - 09:03 UTC

Tag: Panama

  • Thursday, February 6th 2025 - 10:04 UTC

    No free ride for US ships through Panama Canal

    The Government of Panama did agree to give transit priority to US ships

    The Panama Canal Authority Wednesday denied an earlier announcement by the U.S. State Department that ships flying its flag would pass through the iconic interoceanic waterway toll-free.

  • Saturday, December 7th 2024 - 10:48 UTC

    Panama becomes Mercosur associate State

    Mulino signed the agreement on behalf of Panama

    Panamian President José Raúl Mulino Friday signed his country's accession to the Southern Common Market as an associate State during the bloc's 65th Leaders Summit in Montevideo, on the sidelines of which the finalization of the Free Trade Agreement (FTA) with the European Union (EU) was also announced.

  • Thursday, December 5th 2024 - 06:05 UTC

    Shipping sectors benefit from the Red Sea blockade, boosting demand for ships and higher fares

    Data from Clarksons Research, seaborne trade remains on track to record a 6.5% growth in ton-miles this year, the fastest rate of expansion for 14 years

    But the Red Sea shipping scenario with the Houthis attacks, and to a smaller extent, the drought in Panama – have had as can be expected in such situations, some sectors that can benefit. That is why most shipping sectors have experienced the strongest growth in ton-miles registered this year since 2010, helping prop up rates to highly profitable levels

  • Saturday, October 12th 2024 - 10:11 UTC

    Panama adopts Bukele-style approach to gang violence

    “For many years, crime took advantage of the lack of leadership, but that is over,” Mulino announced

    The Panamian Government of President Raul Mulino announced this week that it would adopt an approach against gang crime similar to that of Nayib Bukele's El Salvador.

  • Monday, July 29th 2024 - 23:55 UTC

    Venezuela expels ambassadors from Chile, Uruguay, and other countries following election controversy

    Gil stated that Venezuela would withdraw its diplomatic personnel from these countries and demanded their representatives leave Venezuelan territory immediately.

    The regime of Venezuelan President Nicolás Maduro has expelled ambassadors from Argentina, Chile, Costa Rica, Peru, Panama, the Dominican Republic, and Uruguay. This move follows widespread international condemnation of the recent presidential election results, which declared Maduro the victor amidst allegations of significant irregularities.

  • Wednesday, July 10th 2024 - 20:24 UTC

    Barbed Wire in the Darien Jungle and Mass Repatriation: How the U.S. and Panama curb migration

    In an effort to manage the migratory flow, Panama has recently installed barbed wire barriers along the Darien Gap

    The United States and Panama have signed an agreement aimed at curbing the flow of migrants through the perilous Darien jungle. This agreement, part of broader efforts by President Joe Biden's administration, comes as a response to the surge in migration at the southern border, a key issue in the lead-up to the U.S. presidential elections in November.

  • Wednesday, July 10th 2024 - 10:55 UTC

    Panama's President favors joining Mercosur

    Mulino opened the door to a potential milestone for the Southern Common Market

    Argentine President Javier Milei's absence indeed highlighted the Southern Common Market's (Mercosur) Summit in Asunción. But only one week after his inauguration, attending the gathering was Panama's José Mulino, as his country is now eyeing its possible accession to Mercosur.

  • Thursday, June 27th 2024 - 22:00 UTC

    Panama Canal easing crossing conditions beginning July 11

    Incoming new Panama president Jose Raúl Mulino put water levels at the country’s canal as one of his most important items on his agenda

    The Panama Canal Authority (ACP) has announced an increase in draft and daily transits, with the authorized draft raised by another 30 cm on Wednesday to 14.3 m, and will increase to 14.63 m on July 11.

  • Wednesday, May 1st 2024 - 14:30 UTC

    Panama Canal Authority to explore desalinization plant's potential

    The Panama Canal uses freshwater from two local lakes to fill the locks through which vessels cross from the Atlantic Ocean to the Pacific and vice versa

    The Panama Canal Authority (ACP) announced Tuesday that a pilot plan to test the viability of implementing a desalination process was to be carried out in a move to keep the century-old structure fully operational while maintaining the quality of water for human consumption.

  • Wednesday, December 13th 2023 - 10:26 UTC

    Panama Canal drought hitting world trade

    Things may get worse by February if water levels remain low

    Global trade through the Panama Canal is being severely disrupted by a drought affecting the man-made corridor, which could force shippers to choose other, more costly routes, it was reported. The historic waterway in Central America connecting the Pacific and Atlantic Oceans handles about 5% of international seaborne trade.

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