panama canal drought

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

By Jack Wittels (Bloomberg) — The cost of shipping fuels such as diesel across the Atlantic has soared to an almost 16-month high amid ongoing

By Alex Longley (Bloomberg) — The Panama Canal Authority said it will add extra slots allowing ships to pay big premiums to transit the waterway, which

By Alexander Whiteman (The Loadstar) – MSC has slapped a bumper $297 per teu surcharge on shipments transiting the Panama Canal in response to the

By Anna Shiryaevskaya (Bloomberg) — The congestion at Panama Canal could be to Europe’s benefit as US liquefied natural gas supplies will largely

By Gavin van Marle (The Loadstar) – French carrier CMA CGM is set to become the first major carrier to apply a new surcharge on shipments transiting the

By Stephen Stapczynski (Bloomberg) — The gap between liquefied natural gas prices in Asia and Europe is increasing as tighter restrictions at the

By Ruth Liao (Bloomberg) –Liquefied natural gas shippers increasingly are opting to travel up to two weeks longer and almost 6,000 nautical miles

By Ruth Liao and Anna Shiryaevskaya (Bloomberg) — A shipper has paid nearly $4 million to jump to the front of the line at the congested Panama Canal

(Bloomberg) — Dry weather is set to force large oil tankers to completely stop using the Panama Canal, requiring the vessels to extend their voyages by