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OYSTEIN KALLEKLEV
Why the Panama Canal didn't lose money when ship crossings fellIn the 12 months through September, the canal's revenue rose 15%, to nearly $5 billion, even though the tonnage shipped through the canal f...- It can now cost $4 million to skip the queue at the Panama CanalAccording to the bidding documents, Japan’s Eneos Group paid $3.975 million in an auction Wednesday to secure the crossing.
- Panama Canal traffic is being throttled by climate change impactWeather turmoils such as record heat waves in 2022 led to high evaporation rates of Europe's rivers like Rhine and Danube to the effect tha...
- Drought saps the Panama Canal, disrupting global tradeIn Panama, water scarcity has impacted canal operations recently, and some shipping experts say vessels may soon have to avoid the canal al...
- One ship in Panama Canal paid $2.4 million to skip the lineIn the Panama Canal, drought has caused less water to fill the waterway's locks which has resulted in a queue of ships waiting to pass thro...
- Record-Breaking Payment: Ship skips line at Panama Canal with unprecedented $2.4 million feeThe Panama Canal's logjam and the necessity for shippers to pay record fees to expedite their vessels' passage highlights the far-reaching ...
- Vessel shortage makes soaring shipping costs a new energy threatShips are carrying liquefied natural gas, diesel and crude to Europe from further away than usual to replace Russian energy supplies, as th...
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