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 bounty but amid fears of environmental
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 key lake that supplies the artery.
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 of other fuel pay nearly $4 million to jump
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 shipping cargo through the canal expected
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 merchant ship resonates from nearby. In
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 Panama Canal had a record fiscal