AGP Executive Report
Last update: 7 hours agoMaritime Safety: A Panama-flagged tanker carrying 27 Indian seafarers was hit by limpet mines in the Strait of Hormuz. The engine-room fire was extinguished; the crew were safe, no pollution was reported, and the vessel resumed its voyage. Exports: Panama’s exports rose 17.2% year over year to $1.16 billion in the first nine months of 2026, led by a diverse mix including shrimp, bananas, palm oil, pharmaceuticals and coffee. Panama Canal: After its 41st advisory board meeting, the Canal highlighted long-term water security, revenue diversification and workforce development as it adapts to shifting trade routes. Mining Jobs: Cobre Panamá added 50 workers for maintenance and conservation, bringing its workforce to about 3,500; the hiring does not signal a restart of mining operations. Agriculture: MIDA denied authorizing a 35,000-ton rice import during the domestic harvest, amid concerns over the impact on local producers. Costs and Infrastructure: Diesel prices have surged 103%, adding pressure to household and business costs, while construction of Metro Line 3 advanced with a tunnel-boring machine arriving in Albrook.
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