AGP Executive Report
Last update: 6 hours agoPanama Canal Update: The ACP reported stronger FY2026 performance, averaging 35 daily transits and handling 10,726 transits from October–June (+5.2%) and 389.96 million PC/UMS tonnes (+7.2%), with container and LPG traffic leading, while it prepares for severe El Niño conditions. El Niño Risk & Shipping Costs: Carriers are reportedly moving toward surcharge and tighter booking rules as NOAA forecasts intensifying El Niño through 2027, including a possible pause on certain Panamax slot auctions. Port Competition in Panama: After Supreme Court action disrupted Balboa and Cristóbal, other terminals absorbed diverted cargo, helping total container movements rise 1.8% in the first half of the year. India–Panama Trade & Maritime Talks: Panama’s FM met Indian officials to deepen cooperation on trade, investment, logistics, digital payments and maritime security, with India also pushing a broader maritime partnership. Global Shipping Industry Moves: Cosco ordered eight heavy-lift vessels for offshore wind and advanced manufacturing demand, underscoring continued capital spending in specialized logistics.
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