Panama Canal CEO says Trump’s plans would “Lead To Chaos”
CAIRO : Granting Donald Trump’s demand for US ships passing through the Panama Canal to get preferential treatment would “lead to chaos,” the head of the authority running the waterway said Wednesday. “Rules are
MSC announces Panama Canal Charges effective 1st Jan 2025
GENEVA : Effective 1 January 2025, the Panama Canal Authority will introduce modifications to its Transit Reservation System, including adjustments to charges, changes in the tariff structure, and the implementation of new tariffs. In a
Asia-US container rates fall, but average global rates rise as possible port strike nears
HOUSTON : Rates for shipping containers from east Asia and China to the US were flat to softer in the last week while global average rates rose by 6%, but the looming strike at
Panama Canal says shipping rebound is underway after record drought
PANAMA CITY : After two years of record drought conditions amid a challenging El Nino weather system which decimated vessel transits, the Panama Canal is experiencing a trade rebound. Ricaurte Vásquez, administrator of the Panama Canal Authority, tells
MSC Marie becomes largest capacity Neopanamax to transit the Panama Canal
GENEVA : MSC Marie container ship crossed the Panama Canal and made a new record. It became the biggest capacity Neopanamax to transit the strategic waterway, overtaking the earlier record holder, Evergreen’s Ever Max
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. The new LoTSA for Neo-Panamax vessels
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 with careful water management — and
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 year of restrictions due to a