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
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
Shippers have already diverted over $60 billion in cargo from the Red Sea amid fears of attacks
NEW JERSEY : Shippers have diverted about $65 billion worth of cargo away from the Red Sea as they face the threat of attacks from Houthi militants in
India & Panama sign MoU to enhance cooperation in the training of diplomats
INDORE : External Affairs Minister Dr. Subrahmanyam Jaishankar signed an MoU to enhance cooperation in the training of diplomats during his bilateral meeting with Panamanian Foreign Minister Ms. Janaina Tevane Mencomo
Mexico building a rail rival to the Panama Canal
MEXICO CITY : At Mexico’s narrowest point, linking the Pacific and Atlantic oceans, the government is building a railway rival to the Panama Canal with promises of economic
Panama’s drying canal menaces global fuel markets
PANAMA CITY : A vital conduit of global trade is running dry. The Panama Canal is being hobbled by a lack of rainfall, which has dried up a
Soaring fees at Panama Canal have LNG Shippers taking long route
NEW YORK : Liquefied Natural Gas shippers increasingly are opting to travel up to two weeks longer and almost 6,000 nautical miles further to bypass the Panama Canal as transporters
Panama Canal imposes Shipping Restrictions to cope with Worsening Drought
PANAMA : A severe drought affecting the Panama Canal is forcing container vessels to lighten their loads and pay higher fees, with further increases in the cost of
Panama Canal maintenance work aims to extend its life by a century
PANAMA : From their vantage point in cranes overlooking the Panama Canal, operators scrutinize the century-old walls of one of its locks as the high-pitched siren of a
Panama Canal breaks freight record despite pandemic crisis
The new record comes despite the global trade crisis caused by supply chain failures and port congestion created by the pandemic, which have caused shortages in some markets