The government of Panama has approved reduced toll rates for container ships transiting the Panama Canal, mindful of the need to stay competitive with the Suez Canal and with carriers ready to see fuel costs jump due to the IMO 2020 low-sulfur mandate.
26 Jul 2019
The Panama Canal on Friday increased from 44 feet to 45 feet the permitted depth of vessels passing through the critical waterway as canal authorities have begun to walk back depth limits introduced over the last seven months due to a lack of rainfall.
12 Jul 2019
The shallow drafts pushed up spot rates on cargo from Asia, although it’s unclear how much was due to reduced loading capacity and how much was used by carrier representatives as simply justification to seek higher rates.
20 Jun 2019
Asian manufacturing shifts and the rising cost of fuel are influencing all-water US East Coast services.
21 May 2019
Container carriers have been altering stowage plans for neo-Panamax ships to mitigate the current draft limits, according to the Panama Canal Authority.
07 May 2019
The Panama Canal Authority (ACP) announced the sixth reduction in its maximum draft this year for the Neopanamax locks on Gatun Lake as water levels continue to fall.
26 Nov 2018
The merits of Caribbean ports’ terminal overbuild depends on one’s stake. It's good news for container lines considering hub options in the Caribbean Basin but bad news for terminal operators seeking to entice them.
30 Oct 2018
The new ILWU president and his team are certified and now face the challenge of rebuilding the image of West Coast ports for labor reliability, as BCOs still remember the labor disruptions of 2002 and 2014-2015.
30 Jul 2018
Cosco Shipping Lines was able to contain the damage from last week’s cyber attack to its operations in the Americas, and cargo handling in the United States, Canada, and South America at its marine terminals was largely unaffected because Cosco isolated its internal networks across its global operations.
11 Jul 2018
The new Panama Canal’s larger locks appear to have hit the shipping industry at the right time, given at least one, and possibly two, global trends in international trade.
14 Feb 2018
US imports from Central America surpassed 1 million TEU for the first time ever in 2017.