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
The Panama Canal auctions more spots to jump the line amid a growing backlog of ships waiting to tra
CAIRO : As the backlog of vessels waiting to cross the Panama Canal grows, authorities are letting ships bid on more spots that cut the line. According to
Panama Canal traffic is being throttled by climate change impact
CAIRO : The Panama Canal doesn’t have enough water. A lack of rainfall, blamed on climate change, is leading to a steady decline in water levels on the
Panama Canal reduces the maximum number of ships travelling the waterway to 31 per day
EGYPT : The Panama Canal announced Saturday it will reduce the maximum number of ships travelling the waterway to 31 per day, from 32 in August, due to
Panama Canal adjusts freshwater charge
EGYPT : The Panama Canal has announced that it will modify the variable component of the Fresh Water Charge (FWC) which will take effect on 1st October. As