Panama Canal Opens Way for More LNG Tankers With U.S. : Weekly News Roundup, July 2nd, 2018

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Welcome to the Panama Weekly News Roundup! Here’s the latest.

Panama Canal Opens Way for More LNG Tankers With U.S.

The Panama Canal Authority will ramp up the movement of massive liquefied natural gas tankers through the waterway starting in October, as U.S. exports of the fuel are set to expand.

Under the new rules, the ships can traverse the canal at night, and two at a time can be on Gatun Lake, the man-made waterway at the canal’s north end. The changes will let two tankers move through the canal in different directions at the same time, officials said. The authority will also better identify “ghost bookings” by companies that reserve slots in advance, then fail to show.

Source: Bloomberg

From My Seat, Panama Won the World Cup.

It’s safe to say the attention of the soccer world was not focused on the seesawing battle at Mordovia Arena in Saransk, Russia, on Thursday as Panama fell to Tunisia, 2-1, in the teams’ last game at the World Cup.

Neither team advanced in the tournament — Tunisia managed its first World Cup win in 40 years; Panama goes home with an 0-3 record, the lowest-ranked team — but they most assuredly did in the sport.

They might not have shone the brightest on the field, but they certainly stirred some far-flung corners of the globe.

Source: The New York Timesf

What’s not to love about Casco?

We all know that the best way to really know a city isn’t to go to the central square or major museums, or even the most tourist-trodden neighborhoods. What’s more interesting is discovering the up-and-coming neighborhoods where local creatives are settling in and setting up shop.

“In the 1990s, Casco Viejo was one of the city’s most dangerous neighborhoods, overrun by gangs, full of violence and turf wars,” notes Biggs Bradley. Now a staircase in the boutique American Trade Hotel has wallpaper that shows some of the original graffiti that was found in the abandoned buildings. “The fact that gritty gang slogans are today used as decoration in a designer hotel goes to show just how far Casco Viejo has come. The neighborhood buzzes with restoration and new openings, as the developers tackle building after colonial building.” Some can’t-miss addresses: Donde José, a chef’s table restaurant that’s one of the most upscale in the city; Fonda La Sexta, a pioneering restaurant that employs low-income women chefs; La Concordia, a new hotel with a great rooftop bar for sunset drinks; and Karavan, a one-stop shop for Panamanian-made gifts.

Source: Forbes


Renting vs. Buying in Panama: How to make the best real estate choice

If you’re planning on relocating to Panama, whether for a short or long period, you’ll need to decide whether you want to rent or buy Panama real estate. Both options have a lot to offer, and both can be financially beneficial depending on your lifestyle and circumstances. If you’re looking to rent or buy in Panama, you’ll need to do some due diligence first.

There’s a stigma often attributed to renting that says it’s only good for short-term stays, and that it’s not cost-effective. While in some cases this can be true, it’s certainly not an absolute, especially in Panama. Renting real estate in Panama is big amongst expats, and the market is hot in practically all areas of the country. In fact, even if your plan is to buy real estate, we recommend renting first to get a feel for your area and the lifestyle of living in Panama as a whole.

Source: POLS Blog


About POLS Attorneys Staff Writer

As one of the leading Panama Law Firms, and one of the regions most reliable offshore service providers, POLS Attorneys brings a wide range of professional knowledge to our clients needs. Our staff is made up of professional offshore consultants, Panama attorneys and immigration specialists who are experienced in offshore business, understand international investment and asset protection strategies, and are experts in providing a seamless Panama immigration process.

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