Tag: Panama
Crowley Moves to Launch First-Ever LNG Bunkering at Panama Canal’s Pacific Side
Global shipping and sustainable energy logistics leader Crowley is proceeding with plans to provide liquefied natural gas (LNG) bunkering services on the Pacific side of the Panama Canal, under the first permit issued by the Panama Maritime Authority (AMP) for the provision of such services. Crowley’s advanced energy group will operate the innovative service to…
Panama drought and its impact on bulk shipping
The Panama Canal, a key player in global shipping, faces a dire crisis due to an unprecedented drought, casting shadows over trade dynamics and supply chains. The Panama Canal, an 80-kilometre-long, man-made waterway connecting the Atlantic with Pacific Ocean, is experiencing a severe drought with water levels at record lows not seen since 2016. The…
Panama Canal: Is the Situation Affecting the Tanker Markets?
The delays in Panama Canal crossings, as a result of the low water levels in the area, are starting to cause a major “headache” among the supply chain industry ahead of the Holiday season. However, there are also implication in the tanker shipping markets as well. In its latest weekly report, shipbroker Gibson said that…
Congestion in Panama to support charter market
Continuing congestion, exacerbated by the impact of El Nino to the end of 2023, will increase voyage costs and may affect trade patterns, should longer waiting times result in operations through the Panama Canal becoming commercially unviable. Charter rates in the dry bulk market improved for the sub-Capesize vessels in August amid increased congestion in…
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A Supply Chain Issue: Panama Canal and Its Fight Against Climate Change
The Panama Canal’s fight against climate change is well underway, in what appears to be an ongoing issue. In its latest weekly report, shipbroker Intermodal said that “as of the latest update, the Panama Canal continues to grapple with the effects of a historic drought, impacting shipping markets in the region. The drought has compelled…
