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Panama Canal Drought: Lower Water Levels, Higher Supply Chain Risk

Resilinc

What’s happening in the Panama Canal 2023? The Panama Canal, a crucial 50-mile waterway that six percent of all global trade passes through, faced major traffic jams this month due to a historic drought. How long will the Panama Canal drought last? Which countries are impacted by the Panama Canal drought?

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This Week in Logistics News (January 20 – 26)

Logistics Viewpoints

Global shipping prices are continuing to rise as Houthi rebels keep up attacks on cargo vessels in and around the Red Sea. Several cargo vessels were struck by missiles or drones during the past week. The Panama Canal has faded from the headlines amid all the focus on the Red Sea.

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High Seas Troubles Affect Global Supply Chains, Part Two: Climate Risks

Enterra Insights

As I pointed out in the first part of this article, two of the world’s most vital maritime chokepoints — the Suez Canal and the Panama Canal — are experiencing serious challenges. a severe drought, which began last year in Panama, is disrupting canal operations. Unfortunately. ” How bad have things become?

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Report Predicts Spring Surge in Import Cargo at Major U.S. Ports

Supply Chain Brain

imports have continue to increase even as supply chain challenges in the Red Sea and at the Panama Canal have persisted.

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October 31, 2023 Update

Freightos

And though, so far, low-water restrictions in the Panama Canal haven’t seemed to impact container flows significantly, the Panama Canal Authority just announced that it will reduce daily transits from 34 – their level since July – to 24 in November, 20 in January and down to just 18 by February. Freightos Air Index China – N.

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This Week in Logistics News (May 20 – 26)

Logistics Viewpoints

Cargo ships lost 661 containers at sea in 2022, down from the 15-year average of 1,566 lost per year, according to the latest figures from the World Shipping Council (WSC). This resulted in meaningful cost savings for our last mile delivery program overall,” he added.

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The Panama Canal is thirsty. That’s a problem for ocean carriers.

American Global Logistics

Supply Chain Dive –With one of the worst droughts in history, the canal is forced to place restrictions on the amount of cargo ships can carry. The Panama Canal, and Central America more broadly, is experiencing one of the worst droughts in its recorded history. The post The Panama Canal is thirsty.

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