Happy Wednesday!
Well, you know we love an update
and in 2024 the Panama Canal Authority announced they were planning on spending
$8.5 billion for their capital investment budget over five years to aid in
their net-zero goals and help with the sustainability of this important
waterway. (Please see our Blog at end of
February 2024, for details.) Around a
year later they found their first step which was a plan for keeping the
country’s population and the waterway drought resistant with a reservoir to be
named Rio Indio Reservoir. Well, they
have another step for their capital investment plan.
Did anyone
happen to read gCaptain Daily Newsletter on August 13, 2025, they
reprinted an article from Bloomberg titled, “Panama Canal to Enter Port Business
With Dual-Terminal Tender”? The article speaks
in regard to the Panama Canal Authority’s recent announcement where they are
planning to own terminals on each coast nonetheless the actual running of the
terminal will by a third-party, and in the future, they will be launching a
competitive bidding process to find the best operator for the projects. In addition, they will have a liquified petroleum
gas pipeline at each terminal, and innovative crane technology. Both of these objectives are part of the Panama
Canal Authority’s capital investment budget plan which has been extended to go
over seven years. The budget will
include work on logistic pathways and a water reservoir. The Panama Canal Authority’s plan is in line
with Panamanian government’s incoming national maritime logistics strategy. The Panama Canal has had an influx of funding
from shippers importing to the United States trying to get goods into the U.S.
prior to higher tariffs which will help fund the plan. On another note, Panama has had a good year of
rain which has helped with the increased transits on the canal. We wish the Panama Canal Authority luck with fulfilling
their goals for the canal. If you would
like to read more of gCaptain’s article, please click the link: Panama Canal to Enter Port Business With Dual-Terminal Tender.
If you would
like help in looking into how to update your terminal and docks, contact us via
email in the Blog and check out ESC's website for contact
information!
We hope you have a wonderful evening, and a great rest of
your week!
**Disclaimer: You may be charged a fee to read the gCaptain’s
article. **