Tag - panama

 
 

PANAMA

The Panama Canal is Panama’s biggest source of revenue, bringing in nearly $5 billion last year.
BUSINESS
Aug 28, 2024
Panama Canal eases limits that caused global shipping bottleneck
Last year’s El Nino caused a significant drop in rainfall and forced the canal to implement daily transit restrictions.
Presidential candidate Jose Raul Mulino (left) poses with ex-President Ricardo Martinelli during the general election, in Panama City in this photo released Sunday. Mulino was named the winner of Sunday's presidential election.
WORLD / Politics
May 6, 2024
Ex-minister Jose Raul Mulino wins Panama presidential race
Jose Raul Mulino, the protege of a graft-convicted former head of state, was declared Panama's president-elect after elections Sunday.
The financial center of Panama City, Panama, in 2019. Starting Monday, 27 people will be tried over charges connected to the "Panama Papers" case.
WORLD / Crime & Legal
Apr 8, 2024
'Panama Papers' trial to begin eight years after tax scandal
Twenty-seven people have been charged with money laundering in connection with the tax evasion scandal.
The Monrovia NSU Challenger bulk carrier transits the expanded canal through the Cocoli Locks of the Panama Canal in April 2023.
ENVIRONMENT / Sustainability
Mar 22, 2024
'We all need water': Panama's canal, and people, thirst for more
A severe drought last year caused water levels in Gatun Lake, which provides drinking water and is the main reservoir for the canal, to fall.
Cargo ships wait in the anchor zone to cross the Panama Canal from the Pacific entrance near Panama City, Panama, on Sept. 1, 2023. Ships have been waiting for days as the congestion to cross from both sides increase due to intense droughts in the country.
WORLD / Society
Jan 3, 2024
Saving the Panama Canal will take years and cost billions, if it’s even possible
Climate change-induced drought is limiting the number of ships on the waterway, which handles about 46% of containers moving from Northeast Asia to the U.S. East Coast.
A container ship is seen near the Panama Canal, in Panama City on Saturday.
BUSINESS
Dec 5, 2023
Panama canal jam sends ships sailing continents out of way
The canal is being squeezed shut by drought, and the bottleneck will only worsen in the coming months as Panama enters its annual dry season.
A worker supervises construction work on a wave breaker in the port of Salina Cruz, Oaxaca, Mexico, on Oct. 9, as part of expansion works on the Interoceanic Railway that connects the Pacific Ocean and the Gulf of Mexico.
BUSINESS
Nov 16, 2023
Mexico building rail rival as water shortages drain Panama Canal
By 2028, the Isthmus of Tehuantepec Interoceanic Corridor should see 300,000 cargo containers transit every year, with 1.4 million by 2033.
A bulk carrier at the Panama Canal on April 19
BUSINESS / Economy
Aug 22, 2023
Historic drought and hot seas slow Panama Canal shipping
Restrictions already are sending China-U.S. spot shipping prices up as much as 36% amid soaring sea temperatures.
A bulk carrier transits through Cocoli Locks at the Panama Canal, on the outskirts of Panama City, Panama, on April 19.
BUSINESS / Economy
Aug 11, 2023
Drought-hit Panama Canal lets more unbooked ships pass
Around 70% of canal traffic comes from or goes to the U.S., where retailers like Walmart, Amazon and Target prep for winter holiday sales.
Japan Times
BUSINESS
Jun 3, 2023
The Fed's fight against U.S. inflation faces a new challenge: A dry Panama Canal
A severe drought has caused water levels in Panama to drop far below normal, resulting in weight limits and rising surcharges for vessels traversing the canal.
Japan Times
SOCCER
Mar 24, 2023
Messi goal tops off Argentina's homecoming celebration
'They leave every last drop of sweat and sometimes the result doesn't follow. This time it did and it's amazing.'
Japan Times
WORLD / Society
Sep 13, 2022
Inflation is upending politics in the most unequal region on Earth
From Mexico to Brazil, persistently high inflation is widening the gap between rich and poor, stoking political upheaval that could be a foretaste of what lies ahead the world over.
Japan Times
SOCCER
Apr 11, 2021
Nadeshiko Japan beats Panama as Yuika Sugasawa nets hat trick
Asako Takakura's side put on a goal-scoring clinic against the outclassed Central American side in the first international game played at Tokyo's new National Stadium.
Japan Times
BUSINESS
Jan 14, 2020
Panama Canal reduces slots for ships due to droughts and levies 'freshwater' charge
The Panama Canal said on Monday it will cut its daily slot reservations due to droughts, and impose a "freshwater" charge on ships to maintain the thoroughfare's levels, tightening access to one of the world's most important trading routes.
Japan Times
WORLD / Society
Sep 24, 2018
Panama revokes registration of last migrant rescue ship in central Mediterranean
The Panama Maritime Authority has revoked the registration of search and rescue ship Aquarius 2 in a move that means there will be no charity rescue ships off the Libyan coast in the near future unless the vessel can find a new flag to sail under.
ASIA PACIFIC / Politics
Sep 8, 2018
U.S. recalls diplomats in El Salvador, Panama and Dominican Republic over Taiwan
The United States said on Friday it had recalled its top diplomats in the Dominican Republic, El Salvador and Panama over those countries' decisions to no longer recognize Taiwan.

Longform

Construction takes place on the Takanawa Gateway Convention Center in Tokyo, slated to open in 2025.
A boom for business tourism in Japan?