Global warming hits container trade via Panama Canal : Weekly News Roundup, March 8th 2020

Mar 8, 2020 | Panama News

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

Global warming hits container trade via Panama Canal.

The canal authority’s new draught restriction is expected to affect the trading routes of post-panamax and neo-panamax containerships.

The Panama Canal Authority said this month that droughts have led to an alarming drop in water level at Gatun Lake, one of two lakes that feed the canal’s locks. Every time a ship passes through the canal, about 50 million gallons of lake water has to be dumped into the locks. That water is then discharged into the ocean.

Source: TradeWinds News

Hotel La Compañia in Panama City Set to open in 2021.

The latest development agreements within The Unbound Collection by Hyatt brand include plans for Hotel La Compañia in Panama City, Panama, which will be nestled within the heart of Casco Viejo.

Expected to open in 2021, the 88-room hotel is set to become the first property in Panama that is part of The Unbound Collection by Hyatt brand.

Source: Hospitality Net

Maersk doubles down on Panama Canal freshwater surcharge.

Maersk risks irking the shipper community by doubling down on Panama Canal tariffs. In the wake of the canal authority’s decision to raise a $10,000 per transit fresh water surcharge for all ships longer than 38.1 m, a measure that came into effect last month to fight an ongoing drought.

Panama Canal authority ACP will launch more temporary measures to reduce vessel transit and increase fees to pass through the waterway.The Central American nation has battled enormous droughts of late, which saw the canal’s watershed being approximately 20% below normal levels last year and stark images of previously submerged trees reemerging along the edges of the expanded canal.

Source: Splash 247


Check out these awesome islands to visit in Panama!

Panama is full of islands. Known as one of the most diverse tropical countries on earth, Panama has a unique landscape that includes hundreds of the most beautiful islands on both coasts. Whether you’re moving to Panama, or just visiting Panama, checking out the islands is sure to be high on your agenda.

With so many islands to pick, you’ll literally never run out of places to go. You may, however, want to narrow down your search. Here are a few of our suggestions for a beautiful Panama island getaway.

Source: POLS Blog

POLS Attorneys Staff Writer

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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