Panama Canal Is On the Road to Recovery After Dry Season
After a challenging six months marked by the driest October in 73 years, the Panama Canal is finally seeing a turnaround.
The Panama Canal's Sustainability Struggle
The Panama Canal faced a shipping crisis due to a surplus of capacity, prompting restrictions that affected global trade.
The Panama Canal's Struggle with Dwindling Water Levels Causes Global Trade Disruptions
The Panama Canal, a vital artery for global trade, is facing a serious challenge as its water levels plummet to historic lows.
Panama Canal's Water Crisis Impacts Trade
The dry season in Panama is here, and it's causing some serious turmoil for trade through the Panama Canal.
Climate-Induced Drought Disrupts Panama Canal, Sending Ripples Through Global Trade
Climate change is causing a major headache for global trade as an unprecedented drought in the Panama Canal disrupts container traffic.
Maersk Adapts Shipping Routes as Panama Canal Faces Water Shortages
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.
Panama Canal Limits Ineffectual in Halting Rate Slide as Shipping Lines Increase Capacity
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.
Drought at Panama Canal Sparks Concerns Over Global Supply Chain Disruptions
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.
Panama Canal's Prolonged Low Water Delays Could Impact U.S. Gulf and East Coast Ports for Up to 10 Months
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.
Drought-hit Panama Canal Lets More Unbooked Ships Pass in Bid to Ease Queue
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.
Panama Canal Maintains Restrictions as Drought Impacts Lake Levels
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.
Panama Canal Expansion Project Celebrates 7th Anniversary Amidst Significant Challenges
The Panama Canal Authority marks the seventh anniversary of the expanded Neopanamax locks, which have transformed global shipping by accommodating larger vessels.
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.
Panama Canal Faces Century's Worst Drought
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.
Navigating Global Water Logistics Constraints
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.
Drought, Shipping, and the Panama Canal's Impact on the Supply Chain
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
Tug boat is crushed by a ship in the Panama Canal
Caught on video, a container ship forced a tugboat to be pushed against a closed locked gate in the Panama Canal.
Florida startup is challenging 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.
Container ships are lined up in the Panama Canal
According to Bloomberg, 101 container ships are currently queuing for passage through the Panama Canal, making the average six more than typical.