AGP Executive Report
Last update: 6 hours agoCanal Recovery: Recent rainfall has lifted Panama Canal capacity to 34 daily transits, with maximum vessel draft restored to 15.24 metres. The waterway handled a record 521 million tons of cargo and earned $6.6 billion in the fiscal year ended Sept. 30, but strengthening El Niño keeps water supply in focus. Port Investment: The Canal Authority plans to announce a shortlist of bidders for two port terminals by year-end, while Maersk is seeking to keep managing Balboa’s port. Business Events: Panama hosted ICCA’s global congress, where members elected Barcelona Convention Bureau director Christoph Tessmar as the association’s new president. Livestock Risks: A shortage of sterile flies has hindered efforts to contain screwworm after it broke through Panama’s defenses in 2023, contributing to a regional outbreak that disrupted billions of dollars in cattle trade.
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