The Panama Canal Authority will begin consultations with companies in the first quarter of next year to launch a competitive tender for the construction and operation of two new ports within its zone, a source involved in the preparations said Thursday.
The ports are part of a broader expansion plan aimed at enhancing cargo handling, transshipment, storage, gas transportation, and ensuring sufficient water for operations.
"There is a large demand for facilities and terminals," said Ricaurte Vasquez, head of the waterway, without providing further details.
The Panama Canal Authority did not immediately respond to requests for comment, though its top executives have previously indicated plans to invest around $8.5 billion over the next five years to update and expand infrastructure.
Key projects include building a large dam to contain the Indio River and create a new water reservoir, currently under review by Panama's Supreme Court following a lawsuit from affected communities. Another upcoming tender will cover a liquefied petroleum gas pipeline project within the canal zone.
The Panama Canal expansion comes during international scrutiny, including U.S. concerns over China’s influence in the country.
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A multimodal cargo airport in Azerbaijan’s Alat Free Economic Zone (FEZ) is scheduled for commissioning in Q1 2027, the deputy head of the FEZ governing body Ismail Manafov announced.
A new freight route connecting eastern China to Azerbaijan via Turkmenistan has officially been launched, marking a significant expansion of the Trans-Caspian International Transport Corridor, also known as the Middle Corridor.
Turkmenistan’s freight transit is on the rise, with over 2 million tons moved in just four months — a 20% surge from last year.
A cargo ship, ANMAH, capsized at an Istanbul port early on Monday, after an imbalance in its cargo loading, according to the local governor's office.
Russia said on Monday that its troops had advanced in the eastern Ukrainian city of Pokrovsk, a transport and logistics hub that they have been trying to capture for over a year, but Ukraine said its forces were holding on.
At least 37 people have died and five are missing after devastating floods and landslides hit central Vietnam, officials said Monday, as a new typhoon threatens to worsen the disaster.
The eastern Ukrainian city of Pokrovsk has emerged as a critical point in Russia’s campaign to seize the remaining Ukrainian-held parts of Donetsk, and its fate could shape the course of the conflict in the region.
Tanzania's President Samia Suluhu Hassan vowed on Monday to move on from deadly protests set off by last week's disputed election as she was sworn into office for her first elected term.
Israel’s top military legal officer Yifat Tomer-Yerushalmi, who resigned last week, has been arrested over the leak of a video showing soldiers brutally assaulting a Palestinian detainee at the Sde Teiman military prison.
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China and Russia pledged to strengthen financial and economic cooperation during their 11th ministerial dialogue in Beijing, highlighting plans for joint action in global governance and multilateral institutions.
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Start your day informed with AnewZ Morning Brief: here are the top news stories for the 5th of November, covering the latest developments you need to know.
UNESCO has officially designated 15 December as World Turkic Language Family Day, marking an historic recognition of the linguistic and cultural heritage shared by Turkic-speaking nations.
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