No ads, no remuneration. Die Gedanken sind wirklich frei. The tyrant "has desires which he is utterly unable to satisfy, and has more wants than any one, and is truly poor, if you know how to inspect the whole soul of him: all his life long he is beset with fear and is full of convulsions, and distractions, even as the State which he resembles."
Monday, December 8, 2025
Monday, February 3, 2025
Trump will crow that Panama has bowed the knee by agreeing not to renew participation in China's Belt and Road Initiative, but Panama was already dissatisfied with China from 2019
Events quickly shifted, however, following the election of Laurentino Cortizo as Panama’s president in early 2019. After taking office, Cortizo suspended or cancelled multiple Chinese investment projects. A review by the Panama Maritime Authority (PMA), the government agency that oversees the country’s ports, of the PCCP concession found that the Landbridge-led consortium had failed to comply with numerous contractual terms, including investing only roughly one-fifth of the promised amount, failing to provide key project documentation, and employing much less local labor than promised. The review led to the PMA’s decision to revoke the PCCP concession in June 2021.
More here.
Panama pledges to end key canal deal with China, work with US after Rubio visit
... José Raúl Mulino, Panama's president, said his
nation's sovereignty over the 51-mile waterway, which connects the
Pacific Ocean and the Caribbean Sea, will remain unchanged. But he said
he would not renew a 2017 memorandum of understanding to join China’s
Belt and Road global development initiative and that Panama would
instead look to work more closely with the U.S. ...
Tuesday, January 28, 2025
Monday, January 27, 2025
Thursday, January 9, 2025
Wednesday, January 8, 2025
Friday, December 27, 2024
Wednesday, January 3, 2024
Off again on again Maersk is off again on Red Sea/Suez Canal transit, freight rates triple
From the story:
Uncertainty remains despite a U.S.-led military effort to curb the attacks. Maersk had resumed the Suez route, but suspended it again in recent days after one of its ships was targeted by missiles and small boats.
Asia-Europe is Maersk’s biggest trade lane, and freight rates on the route have roughly tripled from their early December levels, the Goldman Sachs analysts said, while “the impact on annual contract rates is likely to be positive, albeit dependent on how the security situation evolves.”
Maersk’s other major routes are seeing “positive second-order effects from the Suez disruption.” Global trade is also being stymied by drought in the Panama Canal.
However, analysts do not currently foresee the same level of global supply chain disruption and capacity constraint as experienced during the Covid-19 pandemic, which triggered a huge spike in freight rates and record profits for companies including Maersk.





