Hints and tips:
Related Special Reports
...Despite Bristow initially having a keen interest in a takeover of First Quantum, he said the company and its Panama mine were an “undefined risk” at this stage....
...These include the Naxos, a 17-year-old tanker flagged in Panama. On December 14 2023, the vessel moved a cargo of oil from Primorsk....
...Annual rainfall in 2023 was down by about a quarter compared to normal levels, and the researchers said it was Panama’s third driest year on record....
...“When Martinelli’s government was in, it was better,” said Raúl Martínez, a 57-year-old transport administrator in the capital. “Today the economy is at rock bottom.”...
...Panama is on track to elect conservative José Raúl Mulino to the presidency, according to preliminary results, after he stood in for a popular ex-president convicted of money laundering....
...Some companies have already diversified their supply routes following the pandemic. This shock underscores the need for options. But the Suez and Panama Canal routes have few viable alternatives....
...“This will bring with it the likelihood that container services will begin to see delays which they’ve been able to previously avoid,” freight forwarder and logistics company Flexport wrote in a newsletter...
...Car companies including General Motors and Ford said on Tuesday that they would work to reroute shipments to nearby ports, while Nissan said it did not expect significant disruption....
...Forgione said the disruption had highlighted bigger questions about the resilience of global trade, and suggested alternative manufacturing sources and transport methods such as air freight should be considered...
...Furthermore, a worsening supply chain may be bullish goods demand as companies over-order to ensure adequate inventories. In other words, supply-chain disruptions are BACK IN for 2024....
...Panama’s Supreme Court ruled on Tuesday that a new contract given to a Canadian company to operate one of the world’s largest copper mines was unconstitutional, just weeks after its award sparked mass protests...
...A strike by ferry companies in two northern Colombian towns has halted migrant flows through a treacherous border crossing to Panama that has become a vital stage of the migration trail to the US....
...Train companies negotiate with the union but the industry’s finances are controlled by the Department for Transport....
...About half of the company’s 750,000 tonnes of annual production comes from the flagship Cobre Panama mine in a rural, little-populated area near the Caribbean coast....
...Alaska Airlines and Panama’s Copa Airlines have called for Boeing to compensate for the losses caused by the accident and the subsequent grounding of planes....
...instead of using the Panama Canal to reach the US east coast....
...Company-specific issues exacerbate this. Lufthansa’s first-quarter operating loss of €849mn, a deterioration from €273mn the prior year, included a €350mn hit from strike action....
...To mitigate the problems, Panama already offers road and rail transport across its isthmus, he said. The canal authority has also discussed a new reservoir project to provide fresh water....
...Panama will shut one of the world’s largest copper mines, its president said on Tuesday, after the country’s Supreme Court struck down a Canadian company’s contract to operate it amid large protests....
...Ministers and companies were criticised for failing to engage effectively with the region’s indigenous population. Decades later, the same mistakes were made, one former Cobre Panama executive said....
...Transport in America is having a crisis moment....
...The stock price slide, which has wiped off C$5.4bn ($3.9bn) of the company’s market capitalisation, comes after Panama’s president said on Sunday that a national vote would be held on December 17 to decide...
...The company reported operating profit before exceptional items of €68mn in the first three months of the year, beating analysts’ expectations and up from €9mn a year earlier....
...The operator of the Channel Tunnel has offered €50mn in support to encourage companies to open new cross-Channel rail services to rival Eurostar....
...Tomé said that UPS was in a “good position” to take advantage of the rerouting of shipments in response to the drought in the Panama Canal and the escalating conflict in the Red Sea....
International Edition