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Redefining Resilience: Seizing Business Opportunities Amid Supply Chain Challenges

Talking Logistics

If Logistics Services Providers (LSPs) and shippers thought 2024 was going to be smooth sailing, the dual impact of the ongoing Panama Canal congestion and Red Sea shipping attacks has been a rude awakening with severe delays in container transportation, higher costs of ocean freight, and unpredictable departure and arrival times.

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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. Some ships were delayed by as much as 21 days. How long will the Panama Canal drought last?

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This Week in Logistics News (January 6 – 12)

Logistics Viewpoints

Amazon shipped last-minute Christmas gifts faster in 2023 than in 2022, according to data from analyst firm Momentum Commerce. products on the platform warned it would ship after Christmas. products on the platform warned it would ship after Christmas. DHL Group does not operate ships but it uses them to transport containers.

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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. The canal expansion has run into plenty of obstacles along the way, and many East Coast ports still aren’t ready to accommodate the larger ships.

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Red Sea and Suez Canal Shipping Crisis Update

Freightos

More Resources Home Red Sea and Suez Canal Shipping Crisis Update Judah Levine Optimize your logistics tendering, vendor selection, negotiations, and procurement with Freightos Data Book a Demo Even with an international naval force in place, Houthi attacks on commercial vessels in the Red Sea continue. The number of impacted Asia – N.

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Panama Canal: One Year Later

NFI Industries

billion Panama Canal expansion project was completed. The canal reopened with a new set of locks on both the Atlantic and Pacific sides for ships to easily flow through the canal without risk of delay due to accident or various water levels. This time last year, the $5.25 During the expansion, there was also an. Read More.

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This Week in Logistics News (May 20 – 26)

Logistics Viewpoints

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). Some major ocean carriers have also announced new fees for goods shipped on the route as of June 1 in response to the canal restrictions.