AGP Executive Report
Last update: 3 hours agoCanal Water Crunch: Panama Canal Authority imposed its first 2026 transit restriction due to El Niño-driven drought, cutting daily crossings to 34 ships (from 36) and tightening draft limits as rainfall deficits deepen. Shipping Reliability: New data shows container shipping on-time performance fell sharply in July, with major Asian ports hit hardest by congestion and weather disruptions. Energy Logistics: Panama completed full acquisition of Petroterminal de Panamá, taking 100% control of a trans-isthmian pipeline system that can move about 10 million barrels a month outside the canal. Construction Contract: Herrera’s Divisa prison complex was awarded to Riga Services SA for $181.1 million, with local questions focused on cost and location. Tech & Finance: Panama-based crypto exchange Gate launched an “Event Contracts Builder” for prediction markets, aiming to let businesses embed forecasting tools into their own apps. El Niño Outlook: UN and WMO forecasts warn El Niño may intensify into 2027, raising risks for Panama’s water and freight planning.
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