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 the Pacific coast, promising to turbo
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 to an ongoing drought, and that
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 reduce crossings.The Panama Canal Authority (ACP)
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 that could see freight rates double.
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 a notice released on last Friday, the latest
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 vital conduit. The problem is so
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 a drought that has reduced the
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 part of the Canal’s efforts to