AGP Executive Report
Last update: 5 hours agoPanama Canal Pressure on the Clock: Drought-linked draft limits are tightening again as the Canal cuts Neopanamax draft to 48.5 feet (14.78m) with further drops scheduled, forcing ships to carry less and raising costs. Queue-Jump Costs: With Iran-war rerouting and longer waits, an empty LPG tanker reportedly paid a record $4.6m to skip the line, pushing slot prices to new highs and triggering surcharges that will flow to U.S. importers. Maritime Disruption Watch: Strait of Hormuz traffic is down to about 17% of pre-conflict levels, keeping global shipping volatile and adding pressure to chokepoints like Panama. Local Governance & Justice: Panama lawyer Alejandro Pérez says Roy Cortizo masterminded judicial persecution against Ricardo Martinelli, as former tax authority chief Publio De Gracia faces pretrial detention amid alleged money laundering and unjust enrichment. Trade Update: Panama will accept Argentine citrus under agreed phytosanitary rules, opening fresh lemons plus mandarins, oranges and grapefruits. Security in Darién: Senafront says operations are targeting a Clan del Golfo-linked illicit gold-mining system along the Panama-Colombia border.
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