AGP Executive Report
Last update: 8 hours agoWater Infrastructure: Earthquake damage to Chitré’s 400,000-gallon tank has worsened water pressure and service interruptions. IDAAN plans a temporary plant adding 1 million gallons a day and will replace the tank. Canal Operations: The Canal has raised daily capacity to 34 transits and Neopanamax draft to 50 feet. Updated booking rules prioritize container ships, followed by LNG and LPG carriers and vehicle vessels; first-time NetZero applicants can now complete preliminary inspections outside Panama. Port Investment: A $2.6 billion plan for terminals at Corozal and Telfers would add 5–6 million TEU of annual capacity. The Canal Authority expects to name prequalified bidders by year-end. Pineapple Exports: Drought, El Niño and rising costs have cut Panama’s pineapple volumes and fruit sizes, but demand and prices are up. Producers are focusing on Middle East markets, including Saudi Arabia and Turkey.
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