Tolls charged for naval ships crossing the canal are based on the amount of water used and the type of ship, Mulino said.

The potential impact of President-elect Trump's proposed tariffs will be felt by businesses both within the U.S. and on an international scale.

12 European countries are demanding checks on proof of insurance from suspected shadow vessels as they pass through the Baltic Sea and the English Channel.

The Suez Canal is a vital source of foreign exchange for the $380 billion Egyptian economy, whose currency slid to a record low in the past month.

Three Panamanian ex-presidents and Mexico’s new president, Claudia Sheinbaum, expressed solidarity with Mulino.

The slowdown in EV demand is squeezing companies that have retooled production to serve what they expected to be a steadily growing segment.

Manufacturers such as BYD and SAIC-owned MG accounted for 7.4% of EV registrations across Europe in November, down from 8.2% in October.

Trump accused Panama of charging "exorbitant" fees to transit the canal, while stating that he will not let the waterway fall into the "wrong hands." 

Trump has threatened tariffs against countries from China to Canada, and is particularly focused on nations that have trade deficits with the U.S.

The FuelEU Maritime regulation comes into effect on January 1, and requires a 2% reduction in the greenhouse gas intensity of energy used by vessels.