A bridge collapse in Baltimore threatens to slow down the export of crucial commodities like coal from a key East Coast port. This event underscores commodity supply chain vulnerabilities, notably at Baltimore port, a major U.S. coal export hub to Asia. Iron ore prices are wavering at about $100 per ton, reflecting a soft demand […]
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Panama Canal Faces Revenue Drop in 2024
Ricaurte Vásquez, the Panama Canal’s administrator, predicted a significant revenue decline for the fiscal year 2024 yesterday. He estimates a drop in toll income of between 500 to 700 million dollars. This reduction is mainly due to transit restrictions caused by the lack of rain and low water levels in the canal. Vásquez shared this […]
Rómulo Roux becomes presidential candidate of the opposition party CD in Panama
Rómulo Roux, a lawyer, has been officially recognized as the virtual winner of the internal elections for the opposition Democratic Change (CD) party’s presidential candidate in Panama. He secured 53.53 percent of the votes, with 94.9 percent of the tables scrutinized. The Electoral Tribunal (TE) stated that there is an irreversible trend in the preliminary […]