Panama Canal to increase daily transits to 32
According to news, the Panama Canal will permit more ships to pass through daily, attributed to indications of improving water levels amid the ongoing drought conditions.
Read moreAccording to news, the Panama Canal will permit more ships to pass through daily, attributed to indications of improving water levels amid the ongoing drought conditions.
Read moreThe Panama Canal has undertaken the task of dispelling misconceptions surrounding the recent drought's impact on its operations.
Read moreIlya Espino de Marotta, who is the first Chief Sustainability Officer for the Panama Canal & Deputy Administration, reveals her priorities to address the challenges posed by climate change. The Canal has always been focusing on sustainability, however it now embarks on a new and more ambitious era. Following the implications of the recent drought, the Canal has implemented an operational strategy and has taken action with investments and collaborations to ‘’thrive in a new climate economy’’.
Read moreAccording to Panama Canal Authority, based on the present and projected level of Gatun Lake, the Canal announced an increase in the number of daily slots in the Panamax Locks.
Read moreThe UN Conference on Trade and Development (UNCTAD) has released a report signalling how attacks on Red Sea shipping which have severely affected shipping through the Suez Canal, added to existing geopolitical and climate-related challenges, are re-shaping the worlds’ trade routes.
Read moreEIA notes that in January 2024, LPG volumes decreased through the Suez Canal by 84% and around the Cape of Good Hope by 44% compared with December 2023.
Read moreThe Panama Canal Authority has presented the measures to counter the severe drought, and revealed investments aimed at promoting sustainability and reducing emissions.
Read moreThe International Union of Marine Insurance (IUMI), confirmed that the global marine insurance market is continuing to support trade in the Red Sea and the Ukraine/Black Sea area, at its annual winter meeting in London.
Read moreAccording to Reuters, the Panama Canal Authority does not anticipate implementing additional restrictions on vessel transits until at least April, at which point it will assess water levels following the conclusion of the dry season.
Read moreAttacks on ships in the Red Sea and drought in the Panama Canal area have more than quadrupled shipping prices since late 2023. According to Swiss Re, impacts could worsen should disruptions persist into the peak shipping season in the second half of the year.
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