Panama Canal Increases Daily Transits As Drought Conditions Ease
The Panama Canal Authority (ACP) announced that it will gradually increase the number of ships allowed to transit the canal
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Shipping
Historically Low Water Levels at Panama Canal Drive Gas Carrier Rates to Record Peaks
Low water levels at the Panama Canal are causing significant delays, leading to record-high rates for Very Large Gas Carriers
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Climate Change Impacts the Panama Canal, Over 200 Ships Stuck In A ‘Traffic Jam’
Just two years after the unfortunate blockage at the Suez Canal, the Panama Canal is currently making headlines due to
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Declining Ocean Shipping Rates Suggest The Economy Is Weaker Than Markets Believe
Stock market indices such as the S&P 500 (which stands at its highest level since August 2022) and the NASDAQ
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Freight Companies Are Canceling Dozens Of Sailings From Asia To The US As Consumer Demand Cools
Ocean carriers are ‘blanking’ sailings in what’s supposed to be their busiest period as consumer demand for imported products sinks.
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Container Shipping Rates to Remain Elevated Amid Surge in Imports
Shipping container rates have been skyrocketing amid the pandemic, forcing importers to lock in rates that are up to 50%
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Suez Canal Traffic Jam Costing $400 million Per Hour In Delayed Goods
Costs of the Suez Canal blockage are rapidly rising, as the wedged container ship continues to hold up millions of
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Demand For LNG Fuel Set To Rise As Global Shipping Companies Look To Upgrade Fleet
Amid the growing economic chaos surrounding the coronavirus pandemic, there appears to be an emerging trend that could have a
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World’s Largest Container Ship Company Anticipating Historic Decline in Volumes
A.P. Moller-Maersk A/S, which is the world’s largest container ship and vessel operator, recently issued a grim statement regarding the
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