Panama Canal delays new long term booking system to October
EGYPT : Implementation of the Panama Canal Authority’s (ACP) new long- term slot allocation (LoTSA) system has been delayed until 1 October, except for LNG and LPG tankers.
Panama canal averts shipping crisis with its water plan — and some luck
PANAMA CITY : The Panama Canal has managed to ward off a shipping crisis that threatened to upend $270 billion a year in global trade. It did so
Panama Canal slowly returning to normal operations
PANAMA CITY : The increase in water levels in the Panama Canal has sparked hopes of a potential return to normal operations for container shipping after over a
Maersk resumes Panama Canal transit service as rainy season approaches
COPENHAGEN : AP Moller-Maersk will resume Panama Canal transits on an east-west service that was suspended because of low water levels. Panama Canal increases transits again as Red
Panama Canal drought could threaten global supply chain : S&P
MEXICO CITY : The severe drought which has forced the Panama Canal, one of the world’s busiest trade passages, to limit daily crossings could impact global supply chains
Panama Canal revenues up 14.9% in 2023 despite transit restrictions
PANAMA CITY : Panama Canal’s revenues increased by 14.9% to $4.97 billion in 2023, despite handling less cargo due to draught and transits restrictions caused by drought. While
China widens trade highway in South America with new mega port project
BEIJING : In September, a group of Brazilian farmers and officials arrived in the Peruvian fishing town of Chancay. The draw: a new Chinese mega port rising on
Panama Canal Authority ‘understands’ Maersk’s decision to use rail amid drought
PANAMA CITY : The Panama Canal Authority said on January 12 that it “understands” clients’ decisions to turn to alternative shipping methods as the canal faces restrictions due
Maersk to use Rail to bypass Panama Canal Amid Drought
COPENHAGEN : AP Moller-Maersk will use rail transport to avoid the drought-hit Panama Canal, the Danish shipping giant said late on Wednesday, as low water levels have caused one of the world’s main maritime trade routes to
Panama Canal drought could boost New Year rates
PANAMA : Drought in Panama and war around the Red Sea and Suez is a slow-burning but developing crisis for the container shipping industry as both canals become choke points