AGP Executive Report
Last update: 8 hours agoCanal Leadership & Operations: The Panama Canal Board named Rubén Pérez Pinzón temporary deputy administrator effective Sept. 7, as the administrator transition approaches. Shipping & Trade Costs: With drought deepening, the Canal imposed its first 2026 transit restriction, cutting daily crossings to 34 ships (then 32 on Sept. 15) and tightening drafts—prompting higher transit costs and forcing carriers to reroute. Freight Market Pressure: MSC revised its Emergency Panama Canal Surcharge to US$100 per TEU from Oct. 1, 2026, citing reduced capacity. Energy & Logistics: Panama completed full acquisition of the oil pipeline Petroterminal de Panamá by buying the remaining 41% stake for $191.7m, strengthening control of the trans-isthmian corridor. Maritime Fleet Investment: Dorian LPG ordered three dual-fuel Panamax VLGCs from Hanwha Ocean for about $345m, with deliveries in 2030, citing flexibility for Panama Canal locks. Industry Tech & Services: Primero Games acquired Win Systems’ gaming division, adding an installed base of 3,000+ electronic-roulette positions across Mexico, Peru, Colombia, Puerto Rico, and Panama.
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