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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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October 31, 2023 Update

Freightos

More Resources Home October 31, 2023 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. Judah Levine October 31, 2023 Unbox your Freight knowledge.

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Panama Canal Expansion Boosts Freight in an Unexpected Place

DAT Solutions

The Panama Canal opened a new lane for larger ships this week, and East Coast ports have been expanding efforts to attract Asian imports that would otherwise arrive on the West Coast. Expansion at the Panama Canal, pictured above, has led to a business boom in South Carolina. Photo by Stan Shebs. That lane paid an average of $3.09

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April 9, 2024 Update

Freightos

More Resources Home April 9, 2024 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. America weekly prices decreased 13% to $3.66/kg Europe – N.

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November 7, 2023 Update

Freightos

More Resources Home November 7, 2023 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. America weekly prices increased 21% to $5.72/kg

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March 19, 2024 Update

Freightos

More Resources Home March 19, 2024 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. China – N. Europe weekly prices increased 32% to $3.93/kg.

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Red Sea and Suez Canal Shipping Crisis Update

Freightos

As a result, widespread reroutings of ocean container traffic away from the Suez Canal continue, and ocean freight rates have begun to spike. This dispatch includes an update on the attacks and the ensuing implications for global freight. The number of impacted Asia – N. Freightos Terminal data shows that Asia – N.

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