Panama Canal fights drought with $8.5B plan to secure future trade
As climate volatility intensifies, Panama Canal Administrator Ricaurte Vásquez says a new reservoir and diversified cargo infrastructure are essential to protect the canal’s future.
As climate volatility intensifies, Panama Canal Administrator Ricaurte Vásquez says a new reservoir and diversified cargo infrastructure are essential to protect the canal’s future.
Lawmakers on Capitol Hill discussed whether Chinese influence was violating Panama Canal neutrality at the expense of U.S. international trade.
Panamanian President José Raúl Mulino rejected President-elect Trump’s claims of Chinese interference and high fees to use the Panama Canal.
U.S. liquefied natural gas exports to China could be affected by an escalation of tariffs between the two countries, said Ricaurte Vasquez, administrator of the Panama Canal Authority.
The end of Panama’s dry season is in sight, and the Panama Canal Authority plans to welcome more vessels in the coming weeks.
Panama’s drought initially affected transits through the smaller locks. The pain has now spread to the larger Neopanamax locks.
The water crisis at the Panama Canal is getting worse and will force more ships to take much longer routes.
Panama’s drought poses a serious challenge to the country’s canal operations, but fallout to global trade remains limited.
Container-ship transits of the Panama Canal are up as liners favor the East Coast. LNG transits are down as U.S. gas heads to Europe.
The Panama Canal Authority’s administrator discusses why he’s not worried about a container ship blocking the canal.
Container flows into U.S. ports have grown faster over the past three months than they have at any other time in the past decade.
Panama Canal congestion is not impeding transits of container ships but it is pumping up spot rates for LNG and LPG carriers.
Cargo mix and larger locks kept Panama Canal volumes rising despite headwinds.
An in-depth look at coronavirus risks to Panama Canal transits.
All shipping interests through Panama Canal face new fees as water levels drop to ‘historic’ lows.
Both canal stats and container transport pricing confirm continued momentum for U.S. East Coast ports.
Japanese ship owners have called — very, very politely — upon the Panama Canal Authority to give greater consideration to the shipping industry when hiking canal tolls.
Ben Thrower explores the financial and political influence that China is wielding in Panama and around the Panama Canal.
Ben Thrower recently visited the Panama Canal. He writes about the canal’s expansion and what that means to global trade and the maritime industry.
A suspension “until further notice” of the latest round of draft restrictions on ships using the Panama Canal was issued yesterday by the Canal Authority. Dry conditions are likely to continue throughout July and may last to the end of the year.