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PANAMA CANAL DROUGHT
Ships take long way around as drought snarls Panama CanalThe month of August and September witnessed an impressive 70% rise in maritime traffic transiting the Strait of Magellan. This surge is pri...- El Nino weather pattern enters record territory: ScientistThe current El Niño is making waves as it ties for the strongest ever recorded, bringing serious consequences worldwide. With climate chang...
- El Niño arrived early. Why its impact was felt from India to the Panama CanalEl Niño's early onset has triggered a cascade of atypical weather events worldwide. India faced not only monsoon challenges but also signif...
- Panama Canal considering more cuts in transits due to El NinoThe Panama Canal might experience additional constraints on shipping traffic due to a severe drought exacerbated by a strong El Niño. Curre...
- Port of LA hits three-month record as Cargo peak stretches onThe Port of Los Angeles experienced its busiest three-month period on record, driven by an extended peak season. Importers are navigating g...
- How El Nino is choking the Panama CanalThe Panama Canal will reduce daily ship transits due to a severe drought. This El Nino phenomenon is causing significant water shortages fo...
- Oil importers are learning to live with a new reality as old routes of business fall apartOngoing tensions involving Iran are pushing major oil importers to develop alternative supply routes, which increasingly bypass the supply ...
- Tanker pays record $5.3m to transit Panama Canal: ReportA tanker set a new benchmark by paying an unprecedented $5.3 million for expedited transit through the Panama Canal. This payment not only ...
- Panama firmly rejects U.S. claims: No free passage for American ships through the Panama canalPanama has rejected the U.S. State Department's assertion that U.S. ships can pass through the Panama Canal without charge. The claim, whic...
- 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...
- 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. ...
- Panama Canal eases limits that caused global shipping bottleneckThe Panama Canal is easing restrictions on vessel transits due to rising water levels after a severe drought. With recent rains, the canal ...
- 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...
- 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...
- 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.
- Panama Canal drought is a headache for global trade at ChristmasAfter the drought made the canal shallower, ships now have to lighten their loads. The result is fewer containers making the crossing per d...
- 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 ...
- Panama Canal says traffic woes will last into next yearThe number of ships passing through Panama canal each day has fell from 36 to 32 due to falling reservoir levels. As a result, the building...
- 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 ...
- Why Panama Canal is the new challenge for supply chainsJust as the world’s delivery bottlenecks are easing, Panama’s drought and worrisome weather patterns elsewhere threaten to revive some of t...
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