Businesses dole out up to $4 million to cross Panama Canal during Strait of Hormuz chokeholdGlobal trade routes are shifting dramatically. The closure of the Strait of Hormuz due to the Iran war is forcing ships to use the Panama C...
25 Apr, 2026, 08.57 AM IST
Trump says US ships should be allowed to travel through the Panama and Suez canals for freeDonald Trump said that American ships should travel through the Panama and Suez Canals without charge. He asked Secretary of State Marco Ru...
27 Apr, 2025, 06.40 AM IST
US to take back Panama Canal from Chinese influence, visiting Pentagon chief saysU.S. Defense Secretary Pete Hegseth pledged to deepen security cooperation with Panama to counter Chinese influence over the Panama Canal. ...
09 Apr, 2025, 07.52 AM IST
Can Trump 'take back' the Panama Canal?Donald Trump wants to take back the Panama Canal from Panama but has not given specific details on his plans. He claims excessive tolls are...
12 Mar, 2025, 08.43 PM IST
Why is Donald Trump threatening to take over the Panama Canal?US President Donald Trump aims to reclaim the Panama Canal, alleging Panama broke a neutrality pledge and that China controls the canal, wh...
29 Jan, 2025, 01.29 AM IST
Panama Canal administrator pushes back against Trump's assertions of Chinese meddlingThe Panama Canal will stay under Panamanian control, despite President-elect Donald Trump's claims that the US should retake it. Ricaurte V...
11 Jan, 2025, 10.37 AM IST
The Panama Canal has a big problem, but it's not China or TrumpThese environmental challenges are more significant threats to U.S. commerce than Chinese influence. Sustained access to the canal will dep...
02 Jan, 2025, 11.18 AM IST
Threatened by climate change, Panama Canal has big plans to deal with droughtThe Panama Canal Authority aims to create a massive dam 840 meters in length and 80.5 meters in height to secure freshwater for its locks. ...
03 Dec, 2024, 09.52 AM IST
Panama Canal averts shipping crisis with its water plan — and some luckThe Panama Canal avoided a shipping crisis by managing water carefully. During a drought, vessel crossings were limited, but now the limit ...
18 Jun, 2024, 09.47 AM IST
Drought that snarled Panama Canal was linked to El Niño, study findsWithout enough water to raise and lower ships, officials last summer had to slash the number of vessels they allowed through, creating expe...
02 May, 2024, 09.37 AM IST
Panama Canal drought could threaten supply chain, S&P saysThe canal has imposed several restrictions since 2023, though last month the Panama Canal Authority bumped up daily crossings to 27, from 2...
04 Apr, 2024, 10.28 AM IST
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...
23 Mar, 2024, 11.31 AM IST
Traffic through the Panama Canal is being slashed because of drought, disrupting global tradeThe new cuts announced Wednesday by authorities in Panama are set to deal an even greater economic blow than previously expected.
19 Jan, 2024, 10.14 AM IST
Cost to jump Panama Canal line just got a whole lot cheaperThe Panama Canal has reduced its operating daily slots to a third of its usual transit due to ongoing drought conditions exacerbated by El ...
15 Jan, 2024, 09.38 AM IST
Shippers spend $235 million in bid to bypass Panama Canal congestionThe Panama Canal Authority auctions off priority slots to shippers to enter the system, and bids have soared to record levels this year as ...
23 Nov, 2023, 09.27 AM IST
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.
09 Nov, 2023, 09.48 AM IST
Panama Canal breaks freight record despite pandemic crisisThe new record comes despite the global trade crisis caused by supply chain failures and port congestion created by the pandemic, which hav...
29 Oct, 2021, 08.58 AM IST