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Global shipping prices are continuing to rise as Houthi rebels keep up attacks on cargo vessels in and around the Red Sea. Several cargo vessels were struck by missiles or drones during the past week. The Panama Canal has faded from the headlines amid all the focus on the Red Sea.
I also laugh when newscasters quip, “Just move west coast ships through the Panama Canal…” With new locks in 2016, the Panama Canal is able to handle vessels with an overall length of 366 m (1201 feet), 49 meters beam (increased by the Canal Authority effective 1 June 2018 to 51.25
Cargo ships lost 661 containers at sea in 2022, down from the 15-year average of 1,566 lost per year, according to the latest figures from the World Shipping Council (WSC). This resulted in meaningful cost savings for our last mile delivery program overall,” he added.
Brian is the Founder of Port X Logistics , a transportation company that specializes in expediting containerized cargo throughout the U.S. About Brian Kempisty Brian Kempisty is the Founder of Port X Logistics, a transportation company that specializes in expediting containerized cargo throughout the U.S. and Canada. and Canada.
Brian is the Founder of Port X Logistics , a transportation company that specializes in expediting containerized cargo throughout the U.S. About Brian Kempisty Brian Kempisty is the Founder of Port X Logistics, a transportation company that specializes in expediting containerized cargo throughout the U.S. and Canada. and Canada.
The Panama Canal Authority (ACP) has suspended bookings for super vessels through Sept. days for general cargo vessels. 30 in its latest measure to remove a drought-related backlog waiting to traverse the canal. The ACP is encouraging all vessels to use the queueing system to reserve a slot.
As I pointed out in the first part of this article, two of the world’s most vital maritime chokepoints — the Suez Canal and the Panama Canal — are experiencing serious challenges. a severe drought, which began last year in Panama, is disrupting canal operations. Unfortunately. ” How bad have things become?
And though, so far, low-water restrictions in the Panama Canal haven’t seemed to impact container flows significantly, the Panama Canal Authority just announced that it will reduce daily transits from 34 – their level since July – to 24 in November, 20 in January and down to just 18 by February. Freightos Air Index China – N.
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?
Here’s a look at two recent major droughts that have impacted supply chains: Panama Canal Drought Impact on Supply Chain In 2023, the Panama Canal, one of the world’s most important waterways, faced one of the driest years in over 140 years. In April, the Panama Canal Authority will reevaluate water levels.
Expanded Panama Canal sets record cargo tonnage in FY17 (Seatrade Marine News). LLamasoft Demand Guru Helps Companies to Accurately Predict and Investigate Key Drivers of Demand. UPS And The International Brotherhood Of Teamsters Begin Contract Negotiations. Have a happy weekend!
An Expanded Panama Canal Takes Logistics into Uncharted Waters.Connect. Since the Panama Canal opened this past Sunday, we wanted to share it with you again. The enlargement of the Panama Canal was recently completed, enabling mammoth-sized container vessels to transit the waterway. East and West Coast ports.
The pandemic showed vulnerabilities in the supply chain, which were amplified by subsequent eventssuch as the Red Sea tensions, which caused cargo traffic to fall from around 5000 containers per day in November to 2000 in December 2023. The result was a shift and acceleration towards nearshoring, reshoring, and source diversification.
The enlargement of the Panama Canal is scheduled for completion this year, enabling mammoth-sized container vessels to transit the waterway. These big ships are expected to alter the distribution of cargo between U.S. The arrival of the Benjamin Franklin offers a glimpse of a major change in supply chain management in 2016.
I also laugh when newscasters quip, “Just move west coast ships through the Panama Canal…” With new locks in 2016, the Panama Canal is able to handle vessels with an overall length of 366 m (1201 feet), 49 meters beam (increased by the Canal Authority effective 1 June 2018 to 51.25 Figure 4B.
New Panama Canal Options: Running the Numbers with a TMS.Connect by TMC. When the expanded Panama Canal opened this June, a new set of routes became available for shippers and beneficial cargo owners (BCOs). As described in my previous blog post , the enlarged Panama Canal can handle container ships up to 13,000 TEUs in size.
For example, the G6 alliance has six different cargo interests on one vessel, all of which might have different terminal and intermodal interests. The expanded Panama Canal is expected to officially open this June. Read the white paper, Wide Open: How the Panama Canal Expansion is Redrawing the Logistics Map.
Short Term Medium Term Special Feature Carriers & Cargo Innovation Freightos focus November 2015 freight and logistics trends that rate. The ramifications of the restructuring of China’s economy, freight innovation, re-shoring, widening the Panama Canal, and the new super-size ships are all covered. Prefer the summary?
East Coast Ports Could Gain 10 Percent Additional Share Following Panama Canal Expansion. Robinson announced findings from a joint research project they conducted that looked at how “the Panama Canal’s expansion will likely change the way cargo moves, by both water and land, into and within the United States.”
From the Panama Canal expansion to the continuous advancement of disruptive technologies, 2016 was another eventful year in the global logistics and supply chain industry. This post examines how this change could alter the distribution of cargo between U.S. East and West Coast ports. This post is credited to Kylie Crull.
Supply Chain Dive –With one of the worst droughts in history, the canal is forced to place restrictions on the amount of cargo ships can carry. The Panama Canal, and Central America more broadly, is experiencing one of the worst droughts in its recorded history. The post The Panama Canal is thirsty.
What will happen when the Panama Canal expansion is completed in 2016? The Panama Canal is over a century old. And the canal was too small for the Post-Panamax vessels, which carry two to three times as much cargo as the ships that currently squeeze through the Panama Canal. Robinson to be prepared for the shifts ahead.
The Panama papers were still hogging the headlines and competing hard against dissections of mishaps in the private lives of British politicians. However, this is not what we are hearing from the carriers and cargo forwarders. What a shame would it be, if the cargo volumes will not be there to fill their holds.
The Panama Canal’s Big Bet Is Paying Off (WSJ – sub. Hypleroop One is rebranding itself as Virgin Hyperloop One, and Branson is joining the board…Virgin Hyperloop One will focus on a passenger and mixed-use cargo service. FAA Panel Splits on Drone Tracking Requirements (WSJ – sub.
The Panama Canal expands in 2016. If costs were all that mattered, these shippers would route their products through the expanded Panama Canal to reach Columbus via rail from the New York-New Jersey port. For other products, the cost savings of shipping through the Panama Canal will likely outweigh the extra time in transit.
This acronym stands for All Water Service, which is one of the most cost-effective ways to ship your cargo, and also one of the most eco-friendly ; however, it’s also one of the slowest forms of freight transportation. With AWS, your cargo will be shipped from the port of origin to its destination using only water routes.
An example of the results is a network that involves shipments from a cargo consolidation center in Panama to a port in southwestern Brazil and an airport in the central portion of the country. Prior to the project, Panama as a consolidation center was an obvious choice due to its proximity to Brazil.
companies that rely on East and Gulf Coast seaports have been importing early, shifting goods to the West Coast, and even putting cargo on pricey flights to hedge against a threatened Oct. These ports handle a significant portion of the nation’s containerized cargo, especially for the consumer goods, retail, and manufacturing sectors.
This response is driven by ongoing threats to crew and cargo safety, necessitating the rerouting of ships around the Cape of Good Hope, resulting in substantial delays and escalated shipping costs. East Coast ports, even though most cargo from Asia to the East Coast typically travels across the Pacific and through the Panama Canal.
Cargo Owners for Zero Emissions Vessels (coZEV) launched the Roadmap to 2040 which includes the creation of a new maritime freight buyers alliance, a cargo owner policy coalition, and a green corridor advisory board to enable full decarbonisation of ocean freight.
Im driving down to CT today to have dinner with my mom. Its her 77th birthday. My mom was barely 18 when she emigrated to the United States from Cuba. She and her sister started working at the SweetN Low factory in Brooklyn, NY. Soon after, she met my dad (who also emigrated from Cuba.
The company represents almost 8% of trans-Pacific trade shipments for the United States market, and now they have stopped accepting new cargo. In addition, the recent expansion of the Panama Canal has led companies to build larger, newer ships. So how will this affect the global shipping and trade markets? 800-653-8267.
Business at the Port of Houston is robust, and the volume is growing, based on the hope that the Panama Canal expansion will drive more cargo into the port. It seems as if the infrastructure is continuing to grow, based on the strong oil prices we’ve seen in the last few years.
How General Average Could Ruin Your Ocean Cargo Deliveries | Transportfolio. Start by building your knowledge of how general average works, how it can impact your shipments if general average is declared, and how marine cargo insurance can help you sleep like a baby at night. Ship owners have a lien on the ship’s cargo.
Though low-water measures in Panama did not prove terribly disruptive to container traffic, the easing of Panama Canal transit restrictions as the region enters the long-awaited rainy season is nonetheless welcomed news in the industry, and has lead Maersk to restore one of its services that had stopped using the canal. America and N.
Montreal uses both the CN and Canadian Pacific Railroad (CP) and is a better, more viable option for Inland Port Intermodal (IPI) cargo. There is also a good possibility that carriers might discharge cargo at the main transship points of Panama, Cartagena, and Colon and declare force majeure.
One manifestation of this problem is that multiple ports on the east coast are deepening their approach channels in order to attract bigger cargo ships. The widening of the Panama Canal to enable larger ships to pass through the trade artery will generate this traffic.
increase in containerized cargo volumes in May 2014 from the previous year. Several key threats are noteworthy: Competition: Panama Canal expansion: it's expected to be completed in 2015; there's already been some debate about how it will affect LA, for instance, an LA Times article in 2011 predicted a 25% decrease in business for LA.
The Panama Canal Authority will reduce daily transits to about half their normal level over the next three months as the drought there stretches on, raising the possibility of reduced capacity and higher rates to the East Coast or diversions to the West Coast. Freight news travels faster than cargo Get industry-leading insights in your inbox.
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. So far there have not been reports of any significant air cargo bump, though.
One of my back muscles, for no reason whatsoever, decided to start spasming last night when I got into bed. Poking, poking, poking me awake whenever I started to fall asleep. I didn’t sleep. So, while I still have the energy, here’s the supply chain and logistics news that caught my attention this.
It appears that ports on the US West Coast are back in full swing after a protracted labor dispute delayed cargo worth billions of dollars and caused untold reputational damage to the companies caught in the crossfire. Limited options on the West Coast without new thinking? This post was originally published on the LinkedIn Influencer site.
Now we have labour disruptions and the Panama Canal drought, which in normal circumstances would lead to an uptick in freight rates as they adsorb effective capacity, but any significant price effect is now highly doubtful in the current market.” This survey was conducted in May among participants in the global freight forwarding community.
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