AGP Executive Report
Last update: 12 hours agoEl Niño Water Crisis: Panama’s drought emergency is hitting the Panama Canal hard, with authorities preparing to cut daily transits and a record $5.3 million priority fee paid for an LPG tanker to cross on Sept. 1—another sign that climate stress is turning shipping into a costly gamble. Storm Watch: SINAPROC and IMHPA issued a nationwide alert for significant rain and storms tied to Tropical Wave 39 and low-pressure systems, warning of flooding, landslides, and dangerous river crossings through Monday. Canal Congestion & Climate Costs: Growing waits—reported up to 19 days—are reshaping tanker routes and even triggering ship-to-ship transfers near Balboa as operators scramble to keep deliveries moving despite El Niño restrictions. Community River Monitoring: In Colón, 15 communities near the Cobre Panamá mine launched “Guardians of Water and Biodiversity” to help monitor the Petaquilla, Botija, and Caimito rivers with training and sampling support. Renewables Push: IRENA opened a call for renewable project proposals across Central America and the Caribbean, explicitly including Panama, aiming to speed decarbonization with financing and de-risking tools.
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