Trump, Hegseth Signal Panama Canal Pivot
Panama said on Wednesday the United States recognized its sovereignty over the Panama Canal, despite tough rhetoric from Washington, as the two nations announced agreements to deepen U.S. military training in the Central American nation.
Panama Canal Slowly Returning to Normal Operations
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 severe drought. However, experts warn that the situation, while improving, is far from returning to pre-restriction levels.
Saving the Panama Canal Will Take Years and Cost Billions, If It’s Even Possible
The vestiges of an ancient forest tell the story of just how bad things are at the drought-stricken Panama Canal.
Container Shipping Outlook 2024: Rising Risk of Delays, Disruptions
The supply chain crisis is long over, but America’s importers still have a lot to keep them up at night as they plan for 2024.
The Panama Canal Is So Backed Up Ships Are Rerouting Through the Suez
A bottleneck at the Panama Canal due to low water levels has prompted shippers to divert to the Suez Canal, the Cape of Good Hope or even through the Strait of Magellan off the tip of South America.
No Reservation at Panama Canal? Prepare for a Long Wait
Panama Canal disruptions are worsening. Wait times for vessels without reservations have surged this month.
More Surcharges Loom for Shippers as Panama Canal Restrictions Tighten
French carrier CMA CGM is set to become the first major carrier to apply a new surcharge on shipments transiting the Panama Canal, in response to the ongoing capacity reductions.
Panama Canal Plans to Cut Transits by 40% Due to Ongoing Drought
The Panama Canal Authority released plans to drastically scale down transits at the canal phased in over the next three months as it reports water levels have continued to decline to unprecedented levels for this time of year. The current plan would see transits reduced by 43 percent by February 1, with large containerships, and […]
‘World’s Worst Traffic Jam’ Has 150+ Cargo Ships Stuck at Panama Canal
More than 160 cargo ships and counting are stalled at the Panama Canal as the route’s water supply is throttled by the worst drought in more than 70 years. The disruption could reportedly drive up prices of imported commodities (including groceries) for weeks, and possibly longer if Panama continues to struggle with water supply.
Panama Canal Pileup Due to Drought Reaches 154 Vessels
The number of vessels waiting to cross the Panama Canal has reached 154, and slots for carriers to book passage are being reduced in an effort to manage congestion caused by ongoing drought conditions that have roiled the major shipping gateway since the spring. The current wait time to cross the canal is now around […]
