panama canal drought

By Patricia Zengerle and Jonathan Landay WASHINGTON, March 11 (Reuters) – U.S. intelligence agencies said on Monday the country faces an

Supply chains worldwide have been disrupted as trade through the Suez and Panama Canals, two critical shipping routes, has seen substantial declines in recent

The recent attacks on Red Sea shipping coupled with existing geopolitical and climate-related challenges are reshaping global trade routes with the potential

The Panama Canal Authority has announced plans to allocate more than $8.5 billion in capital investments towards sustainability projects over the next five

The National Weather Service’s Climate Prediction Center is forecasting an end to El Niño conditions by April-June 2024, with a 79% probability. The

By Elida Moreno PANAMA CITY, Feb 7 (Reuters) – The Panama Canal sees no need for further vessel transit restrictions until at least April, when

The United Nations Conference on Trade and Development (UNCTAD) has sounded the alarm over rising disruptions in global trade due to escalating geopolitical

Despite a decline in transits through the drought-hit Panama Canal for most shipping sectors, containerships are maintaining transit levels largely due to the

By Ruth Liao (Bloomberg) –The cost for shippers to jump ahead of congestion at the Panama Canal has significantly dropped from multimillion-dollar

Maersk has announced plans to modify one of its services through the Panama Canal by implementing a so-called “land bridge” across Panama amid

By Peter Millard and Michael D McDonald (Bloomberg) The vestiges of an ancient forest tell the story of just how bad things are at the

This year proved once again that the maritime industry is one of the most important and exciting industries on the planet. As 2023 comes to a close,

(Bloomberg) — A year that started with smooth sailing for the global economy — vanishing supply snarls, slower inflation and fading pandemic gloom —

SINGAPORE, Dec 19 (Reuters) – Several liquefied natural gas (LNG) vessels have changed their courses in recent days to avoid the Red Sea region

By Joe Ryan (Bloomberg) The Panama Canal, which has been strained by drought for months, will increase the number of ships it accepts each day starting in

HOUSTON, Dec 13 (Reuters) – Oil tanker Cururo is taking the long way from Houston to Chile: sailing the length of South America’s Atlantic coast,

U.S. container imports experienced a 9% decrease in November 2023 compared to October 2023, according to the latest U.S. imports report from Descartes Systems

(Bloomberg) — The worsening bottlenecks at the drought-stricken Panama Canal are pushing at least one US diesel shipper to sail around the tip of South

(Bloomberg) — The Panama Canal, the century-old engineering marvel that revolutionized global trade, is being squeezed shut by drought and forcing

By Anna Shiryaevskaya (Bloomberg) — Unprecedented congestion at the Panama Canal could ultimately result in delays at Egypt’s Suez Canal, potentially