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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 6 – 12)

Logistics Viewpoints

A drought in Panama significantly reduced transits of larger Neopanamax-class container ships in November and December, with transit constraints intensifying last month. Container vessels that traditionally used the Panama Canal to bring Asian goods to East and Gulf Coast ports switched to the Suez Canal. percent year on year.

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Above the Fold: Supply Chain Logistics News (December 3, 2021)

Talking Logistics

As we enter the last month of 2021, it’s clear from the long list of news items below that there will be no intermission in this supply chain show. Read more Above the Fold: Supply Chain Logistics News (December 3, 2021). Read more Above the Fold: Supply Chain Logistics News (December 3, 2021). And just when.

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This Week in Logistics News (September 9 – 15)

Logistics Viewpoints

Gatik’s four-year project with Walmart — using driverless trucks since 2021 — ended with the closing of the warehouse where it was picking up loads. The Panama Canal Authority (ACP) has suspended bookings for super vessels through Sept. 30 in its latest measure to remove a drought-related backlog waiting to traverse the canal.

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This Week in Logistics News (May 20 – 26)

Logistics Viewpoints

Initiatives planned to reduce lost containers include the MARIN Top Tier project, which was founded in 2021 by several member lines and a range of maritime stakeholders to perform research on concrete data about the causes of containers overboard and how to prevent further incidents.

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Red Sea Ocean Transport Disruption Update

Supply Chain Matters

As we have noted in this thread of updates, to a further extent, shipments from Asia eastward that traverse the Panama Canal are an important added backdrop to ocean transport disruption impacts. In parallel is the assessing of the related restricted ship transit volumes surrounding the Panama Canal because of low water levels.

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Red Sea and Suez Canal Shipping Crisis Update

Freightos

America vessels will also be higher than usual as several carriers had already rerouted some services – that normally transit the Panama Canal on their way to the East Coast – to the Suez to avoid possible Panama Canal drought-driven delays and extra costs. The number of impacted Asia – N. America East Coast peak of $22k/FEU.

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