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Panama Canal

Management of Panama Canal ports by Hong Kong firm poses risks, US House panel hears

by Walter Watson
Management of Panama Canal ports by Hong Kong firm poses risks, US House panel hears

A Hong Kong-controlled company managing ports in the Panama Canal was put in the spotlight on Thursday during a US congressional hearing about China’s global development strategy. Hutchison Ports PPC, …

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Nicaragua cancels controversial Chinese canal concession after nearly a decade

by Walter Watson
Nicaragua cancels controversial Chinese canal concession after nearly a decade

After nearly a decade, Nicaragua’s congress finally cancelled a controversial canal concession granted to Chinese businessman Wang Jing that critics said endangered the environment and threatened to displace rural communities. …

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Panama election: Jose Raul Mulino wins presidential race

by Walter Watson
Panama election: Jose Raul Mulino wins presidential race

Mulino said he had received the electoral result with “responsibility and humility”. Jose Raul Mulino poses with ex-president Ricardo Martinelli. Photo: Press Office of Jose Raul Mulino via Reuters The …

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Baltimore bridge disaster tests supply chains’ resilience but pandemic lessons ease impact

by Walter Watson
Baltimore bridge disaster tests supply chains’ resilience but pandemic lessons ease impact

By comparison, Abel said that “during the pandemic the port was still running but on major restrictions. This incident has caused a standstill.” 02:37 Six presumed dead after Singapore-flagged cargo …

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Opinion | Time to see ‘marketplace magic’ as the voodoo economics it really is

by Anas Siddiqui
Opinion | Time to see ‘marketplace magic’ as the voodoo economics it really is

Even allowing for the long-standing tendency towards excess on the part of stock investors – which has all too often resulted in boom-and-bust cycles – the apparent inability of markets …

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Panama Canal traffic cut by 36% due to drought linked to climate change, El Nino

by Walter Watson
Panama Canal traffic cut by 36% due to drought linked to climate change, El Nino

A severe drought that began last year has forced authorities to slash ship crossings by 36 per cent in the Panama Canal, one of the world’s most important trade routes. …

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Red Sea risks could push oil prices up as Asia feels pinch of cargo delays, rising costs

by Walter Watson
Red Sea risks could push oil prices up as Asia feels pinch of cargo delays, rising costs

The attack followed a warning by the Houthis of a “strong and effective response” after the United States carried out a strike. US-UK attacks on Houthis raise war stakes in …

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Panama Canal drought moves Maersk to start using land bridge for cargo

by Walter Watson
Panama Canal drought moves Maersk to start using land bridge for cargo

View of stranded boats at Alhajuela Lake during the summer drought, in Colon province, 50 km north of Panama City, Panama, on April 21, 2023. The Alhajuela lake is one …

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War, weather put ocean shippers on notice for rough seas in 2024

by Walter Watson
War, weather put ocean shippers on notice for rough seas in 2024

Recent hostilities in the Red Sea have thrown global shippers of vital goods for a loop – but it is hardly the only issue that big carriers are facing as …

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Panama Canal reduces ship traffic due to drought, as El Nino bites

by Walter Watson
Panama Canal reduces ship traffic due to drought, as El Nino bites

The operator of the Panama Canal, the passageway for cargo ships between the Atlantic and Pacific oceans, said it will gradually limit the number of daily crossings due to drought. …

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