Panama

Panama City’s 1914 grammar school survived more than a century and Hurricane Michael; its empty classrooms are now set to become homes

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Panama City's 1914 grammar school survived more than a century and Hurricane Michael; its empty classrooms are now set to become homes

The former Panama City Grammar School on East Seventh Street is finally set to transform. After years of sitting empty and deteriorating, the 1914 brick structure in downtown Panama City has found a developer willing to take on its resurrection, WJHG reported. The historic school will now be redeveloped into a brand-new residential project with … Read more

Panama Canal considering more cuts in transits due to El Nino

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Panama Canal considering more cuts in transits due to El Nino

The number of ships sailing through the Panama Canal could be cut further due to drought caused by the El Nino weather pattern, the new administrator of the waterway told AFP on Monday. Panama Canal considering more cuts in transits due to El Nino Panama has declared a nationwide emergency over El Nino, a phenomenon … Read more

Panama Canal is running low on water, and it’s rationing ships to cope: What that means for global shipping

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A container ship navigates the Agua Clara locks of the Panama Canal. (Bloomberg)

The auction bid to skip the queue at the Panama Canal last week was $4.6 million. It was paid by an empty liquefied petroleum gas supertanker, the G. Arete, and it was the highest fee the waterway has ever charged for a slot, Bloomberg reported. Days earlier, a container ship had paid $4 million for … Read more