Articles tagged under: Panama Canal

Trump Wants U.S. to Retake Ownership of the Panama Canal

Published December 23, 2024

During the AmericaFest event in Phoenix Sunday, President-elect Donald Trump floated the idea of taking over control of the Panama Canal. Trump said Panama is changing unfair fees for passage through this waterway. "They haven't treated us fairly," said Trump. "If…

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Traffic Increases on the Panama Canal

Published June 25, 2024

Rain over the past couple of weeks has increased water levels on the Panama Canal. Traffic has been slowly increasing in recent weeks, but there are still restrictions on draught or how deep the cargo ship can be in the…

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Panama Canal Adjusts Daily Limit

Published January 18, 2024

Due to low water levels, the Panama Canal Authority has limited daily ship crossings to 24 per day. That’s an improvement from the 20 slots previously announced for January due to recent rains providing some relief to the low water…

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Bypassing the Panama Canal

Published January 15, 2024

One of the largest container shipping companies in the world plans to bypass the Panama Canal by using the railroad. The Panama Canal is dealing with reduced water levels due to a drought which has impacted the volume it can…

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#3-Unprecedented Transportation Woes

Published December 29, 2023

RRFN’s third ranked story for the past year is the unprecedented transportation woes facing agricultural shipments. At the end of the year, the Suez Canal and cargo shipments on the Red Sea were facing attacks from militant rebels. Mother Nature…

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Panama Canal to Increases Max Number of Ships Allowed Per Day

Published December 29, 2023

Effective January 16, the Panama Canal Authority will increase the number of daily vessel transits to 24. That’s up from the current limit of 22 pass-throughs. The PCA credits better-than-expected rains in November and the success of water-saving measures. The…

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Low Water Impacts Supply Chain Around the Globe

Published December 24, 2023

The Soy Transportation Coalition board of directors met in Central America and got a firsthand look at the drought's impact on shipping. A total of 600 million bushels of soybeans traveled through the Panama Canal last year bound for Asian…

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Unprecedented

Published December 20, 2023

Freight rates are moving higher, increasing the cost of commodities. Tim Marsh, Summit Commodities, describes this as an unprecedented situation. "The Suez Canal in some distress so there are some questions to whether or not we're gonna be able to ship…

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Transit Through Panama Canal Up for Bids

Published December 1, 2023

Due to low water levels, ships are backed up and waiting to move through the Panama Canal. The Panama Canal Authority is responding by offering an additional slot with it going for the highest bid. The vessels waiting ten days,…

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Shipping Restrictions Continue at Panama Canal

Published October 10, 2023

Due to low water levels, new restrictions are in place for shipments moving through the Panama Canal. As of November 1, a maximum of 30 booking slots are available each day. Both north and southbound shipments are multiple days behind…

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