AGP Executive Report
Last update: 6 hours agoCanal Operations: Panama Canal transit capacity has risen to 34 vessels a day, with the maximum authorized draft in the Neopanamax locks increased to 50 feet, giving carriers more scheduling flexibility. Business Events: Christoph Tessmar, head of the Barcelona Convention Bureau, was elected president of the International Congress & Convention Association at its annual congress in Panama, putting the country in the spotlight for the global meetings industry. Livestock Biosecurity: A shortage of sterile flies helped the screwworm outbreak spread beyond Panama in 2023. Panama and Mexico now produce about 150 million flies a week, well below the 500 million benchmark cited by experts; a new U.S. breeding plant is not expected to begin production until 2027. Ports: Panama is preparing a shortlist of bidders for two port terminals, while Maersk is seeking to retain management of Balboa port.
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