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 Kremlin is utilising the recent United States and Israeli military strikes on Iran to validate its ongoing war in Ukraine. Russian officials are pointing to the escalation in the Middle East as evidence that Western nations do not adhere to international rules.
Saudi Arabia’s state oil giant Saudi Aramco closed its Ras Tanura refinery on Monday following an Iranian drone strike, an industry source told Reuters as Tehran retaliated across the Gulf after a U.S.-Israeli attack on Iranian targets over the weekend.
U.S. President Donald Trump said the U.S. military has enough stockpiled weapons to fight wars "forever"; in a social media post late on Monday. The remarks came hours before conflict in Iran and the Middle East entered its fourth day.
China’s Foreign Minister Wang Yi has held talks with his Russian counterpart Sergei Lavrov following recent military strikes carried out by the United States and Israel on targets in Iran, as tensions in the Middle East continue to rise.
China expressed serious concern over the escalating conflict in Iran, confirming that one Chinese national was killed in Tehran. Beijing called for an immediate halt to military operations and a return to diplomatic talks, while other Asian countries have also voiced their positions on the crisis.
Strikes across the Middle East are intensifying, fuelling travel disruption, driving up global energy prices and forcing diplomatic missions to shut their doors.
U.S. President Donald Trump has said the United States has a “virtually unlimited supply” of munitions and is capable of sustaining military action indefinitely, as the conflict with Iran entered its fourth day.
The United Nations has called for an investigation into a deadly attack on a girls’ primary school in Iran, which Iranian officials say has killed more than 100 children. The U.S. has said its forces “would not” deliberately target a school.
U.S. first lady, Melania Trump chaired a UN Security Council meeting on children and education in conflict on Monday (2 March), a move criticised by Iran as hypocritical following U.S. and Israeli strikes that triggered a UN warning about risks to children.
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