AGP Executive Report
Last update: 9 hours agoCanal Operations: The Panama Canal raised daily capacity to 34 transits and the Neopanamax draft limit to 50 feet as water levels improved. It also revised how canceled Neopanamax slots are allocated, prioritizing container, LNG, LPG and vehicle carriers. Port Investment: The Canal Authority expects to name prequalified bidders for its planned $2.6 billion Corozal and Telfers container terminals by year-end. The projects could add 5–6 million TEU of annual capacity, with an award targeted for mid-2027. Agricultural Exports: Panama’s pineapple growers report lower volumes and smaller fruit after drought and El Niño disrupted harvests, while prices rise. Exporters are stepping up efforts in Saudi Arabia and Turkey, where demand favors smaller, green fruit.
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