Canal and Waterway

Cost to jump Panama Canal line just got a whole lot cheaper

Maritime

Bloomberg | Top Story | January 14, 2024

Cost to jump Panama Canal line just got a whole lot cheaper

The cost for shippers to jump ahead of congestion at the Panama Canal has significantly dropped from multimillion-dollar record highs in recent months, as the backlog of vessels to cross has lessened as tankers avoid the canal altogether.

Saving the Panama Canal will take years and cost billions, if it’s even possible

Maritime

Bloomberg | Top Story | January 03, 2024

Saving the Panama Canal will take years and cost billions, if it’s even possible

A combination of climate change and infrastructure is to blame for critical shipping delays at the canal

Panama Canal offers update to the maritime industry

Ports & Terminals

AJOT | Top Story | December 28, 2023

Panama Canal offers update to the maritime industry

Last week, the Panama Canal held a webinar with international maritime associations to offer an industry update.

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Year over year cargo traffic consistent with last year on US Great Lakes as of end of November

Shipping activity for the US Great Lakes in 2023 remained consistent with the previous year through the end of November, with approximately 32.6 million metric tonnes of commodity traffic traveling the seaway system for the year to date.

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Thailand plans global bidding for $29 billion landbridge project to help bypass Malacca Strait

Bloomberg | December 18, 2023 | Maritime | Ports & Terminals | Canal and Waterway

Thailand plans to hold an international competitive bidding for a 1 trillion baht ($29 billion) project that seeks to significantly cut shipping times between the Indian and Pacific oceans by bypassing the Malacca Strait.

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Egypt’s Suez Canal Authority says monitoring tensions in Red Sea

Bloomberg | December 18, 2023 | Ports & Terminals | Canal and Waterway

Egypt’s Suez Canal Authority said it’s “closely following” tensions in the Red Sea and any impact on canal crossings, after Yemeni militant attacks on vessels hundreds of miles to the south prompted major shipping lines to temporarily avoid the region.

Panama Canal to allow more ship traffic in January as rains ease drought

Bloomberg | December 17, 2023 | Ports & Terminals | Canal and Waterway

Panama Canal jam sends ships sailing continents out of the way

A drought-triggered bottleneck is scrambling global trade — and could boost inflation.

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Drewes Logistics moves biggest cargo to ever make passage through the St. Lawrence Seaway

In May 2023, XLP member Drewes Logistics moved 2 empty bilope tanks from Gijon in Spain to Sturgeon Bay in Michigan.

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Red Sea chokepoints are critical for international oil and natural gas flows

AJOT | December 04, 2023 | Energy | Ports & Terminals | Canal and Waterway

The Suez Canal, the SUMED pipeline, and the Bab el-Mandeb Strait are strategic routes for Persian Gulf oil and natural gas shipments to Europe and North America.