Transolve Global | Panama Canal

09 Apr Conditions improve across The Panama Canal

Posted at 21:20h in Freight Forwarding, Global Trade, Panama Canal, Shipping, Supply Chain by susan pop 0 Comments

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Improved water levels have seen The Panama Canal Authority announce the opening up of three more daily transit slots (as of March 2024) to accommodate growing demand. These additional slots will increase the daily quota to 27, representing a significant increase from the daily limit...

27 Feb Panama Canal Update

Posted at 12:28h in Global Trade, Ocean Freight, Panama Canal by susan pop 0 Comments

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As a result of rains over the last quarter, the Panama Canal has revised its daily allowance to 24 vessels per day. At this point in time, the authorities of Panama Canal see no need for further vessel restrictions until at least April, when they...

15 Feb Turbulent Times Result in Rising Rates

Posted at 10:57h in Baltic Freight Rates, Fees and Charges, Freight Forwarders, Freight Rates, Global Trade, Logistics, Ocean Freight, Panama Canal, Port Disruptions, Red Sea, Shipping, Suez Canal Toll Increase, Tariffs, Update by susan pop 0 Comments

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With a swirling vortex of compounding factors from the Suez and Panama Canal and peak-season surcharges, to the Houthi of the Red Sea through to the general rate increases, there is no doubt that businesses across the globe are being hit with a whirlwind of...

15 Dec Disruptions and Further Measures Continue At Panama Canal

Posted at 01:06h in Panama Canal, Port Disruptions by susan pop 0 Comments

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Ongoing drought conditions at the Panama Canal continue to significantly hamper operational throughput on various fronts. This year saw 41% less rain than usual, resulting in unprecedented low levels across Gatun Lake, and with less than two months remaining until the completion of rainy season, this presents...

07 Dec Panama Canal Update

Posted at 00:05h in Panama Canal, Shipping, Shipping Containers by susan pop 0 Comments

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Due to ongoing drought and low water levels, authorities have announced that the Panama Canal has further reduced the maximum number of ships travelling the waterway to 31 per day, (down from a daily limit of 35 during normal conditions), as well decreasing the allowable...

06 Dec Panama Canal Still Causing Delays

Posted at 23:36h in Freight Forwarders, Freight Forwarding, Panama Canal, Shipping, Shipping Containers by susan pop 0 Comments

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As previously notified, low water levels on the critically important Panama Canal have prompted the Central American country to reduce the number of vessels that pass through the key global trade route. Each day an average of 32 ships is allowed to pass through, which...

26 Jul Panama Canal introduces new restrictions in wake of worsening drought

Posted at 20:25h in Australia, Environment, Freight Forwarders, Freight Forwarding, Global Trade, Logistics, Panama Canal, Ports, Shipping, Shipping Containers by susan pop 0 Comments

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Severe drought conditions affecting the Panama Canal is forcing container vessels to lighten their loads and pay higher fees, with further increases in the cost of shipping cargo through the canal expected this summer. The Panama Canal Authority (ACP) has stated it will progressively decrease the...