Red Sea / Suez Canal Shipping Crisis Major Shipping Companies Suspend Operations and Reroute Vessels December 21, 2023 In a significant escalation of tensions, Yemen’s Houthi militia has expanded its threats to target ships sailing to Israel, causing disruptions and raising security concerns in the crucial Red Sea region. Recent attacks in the Bab–el–Mandeb  Strait […]

The Panama Canal is grappling with a series of challenges that are set to impact the shipping industry in the coming months. From the driest October in 73 years to the onset of the el-nino weather phenomenon, the shipping industry is set to be feeling the consequences of the biggest drought the region has seen […]

Panama Canal Authority announces further transit reductions Earlier this week the Panama Canal Authority announced further transit reductions in a plea to mitigate record-low rainfall. October saw the area’s lowest recorded rainfall since its earliest registers 73 years ago. Further to that 2023 saw 41% less rainfall than in previous years leading to unprecedented low […]

Panama Canal Update – Sept 14 2023 The Panama Canal Authority told reporters to expect the possibility that the daily transit allowance could be reduced again in a press conference yesterday.     The ACP has received a recommendation in its budget for the 2024 fiscal year to lower daily transits to 30-31 per day, […]

Panama Canal Congestion On July 30th, the Panama Canal Authority implemented restrictions to combat what they describe as an “unprecedented” drought. While canal delays due to low water levels are not new, the canal faced the lowest rainfall this century and the Gaten Lake, which feeds the canal, has water levels at a four-year low. […]