panama canal

Panama Canal news and operations coverage – current draft limits, water level data, reservation backlogs, toll adjustments, and route diversion cost comparisons.

Wednesday, January 3, 2024
Photo of a post-panamax ship entering the locks in the new panama canal
Shipping

Saving the Panama Canal Will Take Years and Cost Billions

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

January 3, 2024
Total Views: 6816

Saturday, December 16, 2023
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Panama Canal To Ease Drought Restrictions In January

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

December 16, 2023
Total Views: 7423

Wednesday, December 13, 2023
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Fuel Tankers Face Long Slog as Panama Canal Drought Reroutes Trade

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,

December 13, 2023
Total Views: 2554

Tuesday, December 5, 2023
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Panama Chaos Grows as US Diesel Shipper Takes the Long Route

(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

December 5, 2023
Total Views: 36346

Monday, December 4, 2023
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Panama Canal Bottleneck Prompts Detours that Could Boost Inflation

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

December 4, 2023
Total Views: 2886

Wednesday, November 29, 2023
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Panama Canal Congestion Could Hit Suez

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

November 29, 2023
Total Views: 2844

Shipping

Panama Canal Drought is Making it More Expensive to Ship Fuel Across the Atlantic

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

November 29, 2023
Total Views: 3184

Friday, November 24, 2023
Shipping

MSC Slaps Surcharge on Boxes Through Restricted Panama Canal

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

November 24, 2023
Total Views: 3239

Shipping

Panama Canal Congestion Could Help Steer US LNG Cargoes to Europe

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

November 24, 2023
Total Views: 3565

Tuesday, November 21, 2023
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More Surcharges Loom as Panama Canal Restrictions Tighten

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

November 21, 2023
Total Views: 6763

Friday, November 17, 2023
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Asian LNG Buyers Pay Panama Canal Premium for 2024

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

November 17, 2023
Total Views: 3906

Saturday, November 11, 2023
Shipping

Soaring Fees At Panama Canal Have LNG Shippers Taking Long Route

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

November 11, 2023
Total Views: 14462

Wednesday, November 8, 2023
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LPG Tanker Pays Record $4 Million for Panama Canal Slot

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

November 8, 2023
Total Views: 9943

Monday, November 6, 2023
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Panama Canal Drought Risks Driving Away Large Oil Tankers

(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

November 6, 2023
Total Views: 5566

Friday, November 3, 2023
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Panama Canal Traffic Is Being Throttled by Climate Change

(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

November 3, 2023
Total Views: 2162

Tuesday, October 31, 2023
Shipping

Panama Canal to Slash Daily Transits Further Due to Drought

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

October 31, 2023
Total Views: 4505

Tuesday, October 24, 2023
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Crowley to Launch LNG Bunkering at Panama Canal

US-based maritime company Crowley has announced plans to launch liquefied natural gas (LNG) bunkering along the Pacific side of the Panama Canal. The bunkering

October 24, 2023
Total Views: 2673

Tuesday, September 12, 2023
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Drought-Hit Panama Canal Could Further Reduce Daily Transits

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

September 12, 2023
Total Views: 1926

Wednesday, September 6, 2023
Shipping

Panama Canal Water Levels at Historic Lows, Restrictions to Remain

PANAMA CITY, Sept 5 (Reuters) – The Panama Canal‘s water levels have not recovered enough as the end of the rainy season approaches and

September 6, 2023
Total Views: 2625

Friday, September 1, 2023
Shipping

Panama Canal Wait Times Surged in August

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

September 1, 2023
Total Views: 2627