Panama Canal LNG traffic builds towards capacity

- February 15, 2018

Source: LNG World Shipping

The Panama Canal’s new enlarged locks handled 60 LNG carrier transits in the last quarter of 2017, a 40% jump on the same period a year earlier. The climb in traffic levels aligns with the build-up in exports from the Sabine Pass terminal in Louisiana, currently the LNG sector’s only user of the Canal for laden voyages.

Cheniere Energy’s Sabine Pass terminal exported 13.1M tonnes of LNG in 2017, up from 3.1M tonnes a year earlier. The facility’s third and fourth 4.5 million tonnes per annum (mta) liquefaction trains commenced operations during 2017 while a fifth is under construction and on target for a June 2019 completion.

Some 43% of the Sabine Pass output in 2017 was dispatched to customers in Asia. The Panama Canal did not accommodate all the Asian shipments leaving Sabine Pass as a handful of the loaded LNGCs departing the terminal sailed eastbound and made their passage via the Cape of Good Hope. 

 

 

Fitch reafirma grado de inversión de Panamá

- Febrero 16, 2018

Fuente: Ministerio de Economía y Finanzas

Fitch Ratings ratificó el grado de inversión de La República de Panamá en BBB con perspectiva estable, así lo informó la agencia calificadora de riesgo en su último informe de febrero de 2018.
 
La agencia destaca que la evaluación se basa en un fuerte y estable desempeño macroeconómico que ha conducido a un aumento sostenido del ingreso per cápita basado en las políticas económicas y fiscal y en la posición estratégica de activos de la República tales como el Canal de Panamá, los cuales respaldan un alto grado de inversión.
 
Un impulso sostenido de la inversión en infraestructura, aumento en el tráfico y tonelaje a través del Canal ampliado elevaron el Producto Interno Bruto alrededor del 5.5% en 2017, en comparación al 5% registrado en el año 2016.

 

 

 

Panama's Colon free trade zone sees 24.7 percent rise in trade in January

- February 19, 2018

Source: XinHuanet

 

Trade in the Panamanian free trade zone of Colon, one of the world's busiest FTZs, increased 24.7 percent in January compared to the same period the year before, a top official said on Sunday.

Manuel Grimaldo, manager of the FTZ, where nearly 2,500 companies are operating, said in a statement the zone saw over 1.718 billion U.S. dollars in trade in the first month of the year, including 775.5 million dollars in imports and 943.2 million dollars in reexports.

In January of 2016, imports reached 700.6 million dollars, while reexports amounted to 677.8 million dollars.