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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Severe storms have disrupted cargo flows across Europe, shutting terminals and slowing vessel movements for some of the world’s biggest carriers.
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.
The pilot and co-pilot of an Air Canada Express regional jet were killed after it collided with a fire truck while landing at New York's LaGuardia airport late on Sunday, in an incident that closed the airport, authorities and U.S. media said.
U.S. President Donald Trump said the U.S. was talking to the right people in Iran to make a deal on Tuesday (24 March), as Pakistan's Prime Minister offered to host peace talks between the two countries to bring about an end to the conflict.
Violent clashes broke out between police and opposition protesters in Tirana on Sunday (22 March) as demonstrators were demanding the resignation of the Albanian government following corruption allegations against the deputy prime minister.
Afghan authorities say Pakistani jets entered northern Afghanistan, while Pakistan insists its actions target terrorism, highlighting continued strain after a temporary Eid ceasefire ended.
As conflict continues to unsettle the Middle East, airlines are being forced to make difficult, fast-moving decisions - redrawing flight paths and searching for safe skies. Amid this uncertainty, Azerbaijan has emerged as a crucial gateway linking Europe and Asia.
Both the United States and Iran are giving conflicting messages about trying to end the conflict in the Middle East, meanwhile Pakistan has offered to be a mediator and a reported 15 point plan has been sent to Tehran. Welcome to AnewZ's coverage of the tensions in the Middle East.
Voting has ended in Denmark’s parliamentary election, with Prime Minister Mette Frederiksen seeking a third term after a campaign shaped by tensions with the U.S. over Greenland and mounting domestic concerns.
Eurozone private sector growth almost stalled this month, a key survey showed on Tuesday, adding to evidence that the bloc is already feeling economic fallout from the U.S. and Israeli war with Iran, with inflation rising and growth slowing.
China is raising domestic petrol and diesel prices under temporary measures to manage a sharp surge in global oil costs, aiming to support fuel suppliers while maintaining market stability during a period of heightened volatility.
Russia launched drones and missiles overnight on Tuesday at Ukraine, killing at least three people, damaging houses and triggering fires, Ukrainian officials said.
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