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Fresh Waters: Panama Canal’s Desalination Drive
The Panama Canal Authority recently launched a pivotal pilot project focused on desalinating water.
This initiative aims to ensure the quality of drinking water for...
Panama Canal Widens Passage Opportunities for Maritime Trade
The Panama Canal Authority declared an increase in daily passages through its Panamax locks from 24 to 27, starting late March.
This expansion aims to...
Shipping Costs Spike, Key Role of Panama Canal
Container shipping saw a record rise in costs, up $500 in late December. This spike occurred amid disruptions on crucial sea paths, notably the...
Panama Canal’s Revenue Up 14.9% in 2023 Despite Lower Cargo
In 2023, the Panama Canal's revenue increased by 14.9% to $4.968 billion despite handling less cargo, with only 511.1 million PC/UMS tons moved. Officials...
Global Trade Reels: Suez and Panama Canals’ 20% Volume Hit
Global maritime trade, which accounts for 80% of international exchanges, is experiencing significant disruptions.
Key routes, the Red Sea and the Panama Canal, face reliability...
Panama Canal Faces Revenue Drop in 2024
Ricaurte Vásquez, the Panama Canal's administrator, predicted a significant revenue decline for the fiscal year 2024 yesterday.
He estimates a drop in toll income of...
Maersk Bypasses Panama Canal Due to Low Water Levels
Maersk, a major logistics and shipping company, has announced a change in its route due to low water levels in the Panama Canal, one...
Potential Solutions for Panama Canal Crisis Divide the Nation
In 2023, the Panama Canal faced its driest year, exposing stumps of a century-old flooded forest.
These remnants should be submerged despite the usual rainy...
Panama Canal Adapts to Climate With Increased Transits
The Panama Canal Authority (ACP) today announced a significant increase in daily transits to 24 starting in January.
This decision eases the operational restrictions initially...
Panama Canal Adopts New Auction Slots to Tackle Congestion
The Panama Canal Authority (ACP) has launched additional auction slots as a creative solution for the canal's congestion, mainly caused by a prolonged drought.
This...
New Rules at Panama Canal Due to Drought
This week, the Panama Canal Authority announced new steps to keep ship traffic moving smoothly.
The changes come because this month has been the driest...
Panama Canal Fee Cut in Response to Drought Year
The Panama Canal Authority (PCA) plans to lower the Freshwater Charge (FWC) starting October 1.
The move aims to conserve water and manage shipping drafts....
Panama Canal Needs New Water Source
The Panama Canal faces a water shortage and Ricaurte Vásquez, its head, says an extra freshwater source is essential.
The Canal aims to build a...
Shipping firms pay record sums for fast passage through Panama canal
Shipping firms are forced to pay record sums for fast passage through a backlog of ships waiting to traverse the Panama Canal.
A drought exacerbated...