💧 Initiatives by the Panama Canal to Combat Water Scarcity.
Ricaurte Vásquez Morales, the Administrator of the Panama Canal, recently discussed with CNBC's Lori Ann LaRocco the impact of drought on the Panama Canal and its implications for shippers. Vásquez Morales highlighted the measures being taken to address this challenge and ensure the smooth operation of the vital trade artery. (Video)
Panama's incoming president, Jose Raul Mulino, intends to tackle the challenges facing the Panama Canal, which is grappling with an unprecedented drought.
After a challenging six months marked by the driest October in 73 years, the Panama Canal is finally seeing a turnaround.
Panama has halted Doctors Without Borders (MSF) from providing medical aid to migrants traversing the perilous Darién Gap, a critical border crossing connecting Colombia and Panama.
The Panama Canal, a vital artery for global trade, is facing a serious challenge as its water levels plummet to historic lows.
The dry season in Panama is here, and it's causing some serious turmoil for trade through the Panama Canal.
Climate change is causing a major headache for global trade as an unprecedented drought in the Panama Canal disrupts container traffic.
Shipping giant Maersk has informed clients that vessels carrying freight from Oceania (Australia and New Zealand) will no longer transit the Panama Canal due to ongoing low water levels caused by a severe drought.
Despite Panama Canal transit restrictions and efforts to curb capacity, carriers have been adding approximately 20% of incremental capacity on the Asia-US East Coast route since the end of August.
Panama is experiencing one of its driest rainy seasons on record, leading to lower water levels at the Panama Canal and restrictions on vessel weights and daily traffic.
The Panama Canal is grappling with the ramifications of a prolonged drought, resulting in low water levels and substantial vessel traffic congestion, which may persist for up to ten months, as reported by Athens-based shipbroker Intermodal.
The Panama Canal, grappling with drought conditions, has implemented a temporary measure to limit the number of new reserved passage slots in an effort to alleviate a bottleneck of ships waiting to transit without reservations.
The Panama Canal will continue to impose draft restrictions on shippers due to a drought that has caused water levels in its main lake to reach a four-year low.
The Panama Canal Authority marks the seventh anniversary of the expanded Neopanamax locks, which have transformed global shipping by accommodating larger vessels.
Ricaurte Vásquez Morales, the Administrator of the Panama Canal, recently discussed with CNBC's Lori Ann LaRocco the impact of drought on the Panama Canal and its implications for shippers.
The Panama Canal, facing its driest period in over a century, has imposed transit restrictions since May, leading to reduced container loads for large vessels.
Supply chain disruptions caused by water logistics constraints have recently made headlines, from the Suez Canal blockage to the weight and draft restrictions in the Panama Canal.
In response to a severe drought plaguing the region, the Panama Canal Authority has recently enforced new shipping restrictions.
Panama has been experiencing an extended period of drought, with no signs of improvement in the coming weeks or the rest of the spring season
Caught on video, a container ship forced a tugboat to be pushed against a closed locked gate in the Panama Canal.
The Panama Canal has long served as a convenient shortcut for ships crossing between the Pacific and Atlantic Oceans, making up a series of lochs that serve a plethora of ships each day.
Panama's President-elect Jose Raul Mulino has announced his first cabinet selections, emphasizing a pro-business approach.