AGP Executive Report
Last update: 8 hours agoCanal Leadership: The Panama Canal Board named Rubén Pérez Pinzón as temporary Deputy Administrator starting Sept. 7, to keep operations running until the permanent appointment is finalized. Energy & Logistics: Panama completed its full takeover of the oil pipeline operator Petroterminal de Panamá, buying the remaining 41% stake for $191.7 million, as part of a broader logistics reconfiguration. Shipping & Climate Pressure: With El Niño-driven drought cutting water levels, the Canal is reducing daily transits (from 40 ships to 34 early September, then 32 mid-month), raising shipping disruption risk. Maritime Industry Moves: Dorian LPG announced 2030 dual-fuel VLGC newbuild contracts, noting flexibility to transit “the old” Panama Canal locks. Local Governance & Costs: President Mulino is weighing whether to veto Bill 226, which expands retiree discounts, after business groups warned it may be hard to fund sustainably. Public Safety: Panama’s prosecution said the motive in a Swiss-Spanish businessman’s murder was theft of 77 kilos of silver, as charges proceed in court.
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