Dry bulk sailing distances jump 31% for routes using the Panama Canal : BIMCO
LONDON : “The limits in daily transits in the Panama Canal have significantly affected the dry bulk market, with transits down 74% y/y between January and April 2024. During this period, sailing distances for
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
Panama Canal in talks with US LNG producers to increase transit
NEW YORK : The Panama Canal is in talks with U.S. liquefied natural gas (LNG) producers on how to meet increased demand for crossings as water levels recover after a prolonged drought, the canal’s
A new solution proposed for drought-stricken Panama Canal goes around it
PANAMA CITY : As droughts continue to deplete the Panama Canal’s water levels, the maritime trading hub’s operators are planning a workaround. On Wednesday, Panama officials announced a new Multimodal Dry Canal project that will begin
Impact to global trade of disruption of shipping routes in the Red Sea, Black Sea and Panama Canal – UNCTAD rapid assessment
GENEVA : This UNCTAD rapid assessment looks into the situation of interntional shipping amid disruptions that have the potential to reshape global maritime networks and reconfigure the world trading map. Two months into 2024,
International Trade Groups call for Maritime Security in Red Sea
NEW YORK : More than 100 industry trade associations representing the apparel, retail, energy, agriculture, electronics and medicine sectors have formed a global coalition to safeguard Red Sea commerce. On Thursday, the American Apparel & Footwear
UNCTAD : Red Sea conflict adds insult to global trade’s injuries
LONDON : UNCTAD has raised profound concerns over escalating disruptions to global trade. The Intergovernmental Body noted that recent attacks on ships in the Red Sea, combined with geopolitical tensions affecting shipping in the Black
Canals aren’t the world’s biggest shipping chokepoints
CAIRO : When traffic through the Suez Canal ground to a halt in 2021, the extraordinary cost and disruptions to global commerce seemed overwhelming. But 5,000 miles from the canals of Suez and Panama