Panama Canal increases daily slots in Panamax Locks
According 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 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.
Read moreAccording to EIA, after Yemen-based Houthi militia attacks on commercial ships transiting the Red Sea started in November 2023, some vessels began opting to avoid the Bab el-Mandeb chokepoint—a narrow strait that borders the Yemeni coast and is the southern entrance to the Red Sea. Instead, they’re choosing to take longer, more costly routes around the tip of Africa.
Read moreUnited Nations Conference on Trade and Development (UNCTAD) warns that escalating attacks on ships in the Red Sea are adding strain to shipping routes already hit by conflict and climate change.
Read moreA prolonged drought since the previous year has led authorities in Panama to reduce ship crossings through the Panama Canal by 36%, impacting one of the world's crucial trade routes.
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