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MercoPress, en Español

Montevideo, March 25th 2025 - 19:35 UTC

Tag: Panama Canal

  • Tuesday, March 4th 2025 - 20:45 UTC

    Preliminary deal reached for sale of Hong Kong company's stake in Panama Canal operations

    CK Hutchison has been operating the Port of Balboa for more than two decades

    Given US President Donald Trump's pressure, CK Hutchison Holdings, a Hong Kong-based conglomerate, agreed to sell control of a unit operating ports near the Panama Canal, it was announced Tuesday. The sale includes an 80% stake in the Hutchison Ports group and a 90% interest in Panama Ports Company, which operates the ports of Balboa and Cristobal. The consortium acquiring these stakes includes BlackRock Inc., Global Infrastructure Partners, and Terminal Investment Ltd.

  • Wednesday, February 26th 2025 - 10:11 UTC

    US backs modernization of Guatemalan Pacific port to counterbalance China's expansion

    The Guatemalan alternative also offers the nearby Quetzal Duty-Free Zone just four kilometers from the port

    Guatemala and the United States have announced a US$ 125 million initiative to expand Puerto Quetzal, the largest Pacific port in the Central American country, in a move to counterbalance China's presence in the region through its current prevalence in the Panama Canal in addition to the projected Nicaragua interoceanic crossing already under construction.

  • Friday, February 7th 2025 - 09:25 UTC

    Panama drops the Chinese Belt and Road Initiative, but also rejects free transit of US vessels through the Canal

    President Mulino announced on Thursday that Panama will withdraw from the Belt and Road Initiative, a trillion dollars funded global project

    Panama’s President, José Raúl Mulino, announced on Thursday that the country will withdraw from the Belt and Road Initiative, the ambitious Chinese project to fund infrastructure to improve connectivity and economic cooperation with other nations. At the same time US Secretary of State Marco Rubio clarified the claim that Panama “had decided to remove fees for US government vessels transiting the Panama Canal”

  • Monday, February 3rd 2025 - 10:55 UTC

    Rubio tells Mulino US to take necessary measures to end China's control over Panama Canal

    Rubio - the first Latino US Secretary of State is on a tour that will also include Costa Rica, El Salvador, Guatemala, and the Dominican Republic

    US Secretary of State Marco Rubio met Sunday with Panamian President José Raúl Mulino, whom he told about the increasingly worrying control “control by the Chinese Communist Party” of the waterway linking the Atlantic and the Pacific Oceans. This situation is a threat to US interests, Rubio argued.

  • Tuesday, January 21st 2025 - 10:59 UTC

    Trump signals beginning of US Golden Era under him

    From now on “we will measure our success not only by the battles we win, but also by the wars that we end, and perhaps most importantly, the wars we never get into,” Trump insisted

    Donald Trump announced that January 20, 2025, marked the beginning of the United States' Golden Era because during his new term in office great achievements lay ahead, such as the US flag flying on Mars together with energy independence, immigration reforms to tackle the inflow of illegal aliens, as well as the end of woke ideas whereby -for example- there are other genders beyond male and female.

  • Wednesday, August 21st 2024 - 05:33 UTC

    HMS Protector crosses Panama Canal as it prepares for Antarctica's 2024/25 season

    The ice patrol sailed through the Hudson Strait into Hudson Bay – the inland sea indenting east-central Canada – to carry out two weeks of ice-breaking operations (Pic RN)

    The Royal Navy’s ice patrol ship HMS Protector is swapping the high north for the deepest south after completing a successful mission to Canada’s polar waters. The Plymouth-based survey and scientific vessel usually patrols the Antarctic, but occasionally to Arctic climates to certify that she is able to operate in the icy northern regions, which are vastly different to work in despite their visual similarities.

  • 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.

  • Tuesday, April 16th 2024 - 10:26 UTC

    Gradual improvement reported at Panama Canal

    Weather conditions got worse given the arrival of the El Niño phenomenon affecting the number of ships using the interoceanic corridor

    Things are looking up for the drought-stricken Panama Canal as new water levels allow an increase in the daily number of ships allowed through the man-made interoceanic corridor. Starting in June, 32 ships will be let through, it was announced Monday.

  • Monday, April 8th 2024 - 19:24 UTC

    Panama Canal chokepoint approaching an end as the rainy season begins in May

    Maersk gave its own indication of the improving water level, with the reinstatement of a service that had previously switched to a rail-land transit across Panama .

    The chokepoint at the Panama Canal could be approaching an end as weather forecasts indicate ample rain fall is heading for Panama, which if correct means many international shipping believe a return to normal crossing s possible in the near future.

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