panama canal drought

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

(Bloomberg) — The Panama Canal doesn’t have enough water. A lack of rainfall, blamed on climate change, is leading to a steady decline in water levels

PANAMA CITY, Oct 31 (Reuters) – The Panama Canal, one of the world’s main maritime trade routes, will further reduce daily ship crossings in the

By Marianna Parraga and Elida Moreno PANAMA CITY, Sept 12 (Reuters) – The Panama Canal could further reduce the maximum number of authorized daily

Sept 1 (Reuters) – The average wait time for non-booked vessels at the Panama Canal jumped by between 44% and 59% last month as a prolonged drought

By Alex Longley, Ruth Liao and Anna Shiryaevskaya (Bloomberg) — Shippers are having to pay record amounts if they want their carriers to beat a logjam