Suez Canal, Ever Given Ship Owners Reach Compensation Deal
Egyptian officials and owners of the giant Ever Given vessel that blocked the Suez Canal earlier this year have reached a preliminary deal over compensation, according to the ship’s representatives.
Suez Canal Blockage Ripples Through Trucking Industry
The containership that was blocking the Suez Canal has long since been dislodged, but the ripple effect of the delays it created could be felt across the supply chain for a while, experts said.
Suez Canal Traffic Briefly Stopped as Oil Tanker Loses Power
Traffic through Egypt’s Suez Canal was briefly halted April 6, just two weeks after a giant containership ran aground and blocked the waterway that’s vital for global trade.
Truckers, Ports Rush to Keep Pace as Bigger Ships Cross Panama Canal
Just weeks after the Cosco Development became the largest ship to traverse the Panama Canal since the expansion nearly one year ago, the OOCL France shattered the record en route from Asia to the East Coast as part of the new weekly service from the Ocean Alliance.
Big-Ship Era Dawns for East Coast as Record-Setting Ship Transits Panama Canal
The Panama Canal truly entered the big-ship era the week of May 8 when the largest vessel to date — a vessel from Asia that is as long as the Eiffel Tower is high and 158 feet wide — transited the expanded canal en route to the United States.
China State Firms Eye Land Around Panama Canal: Waterway Authority
Chinese state firms have expressed an interest in developing land around the Panama Canal, the chief executive of the vital trade thoroughfare said, underlining China's outward push into infrastructure via railways and ports around the world.
Panama Canal Growth Pushes Texas Ports to Improve
The Panama Canal's recent expansion will create economic opportunities for South Texas but also pressures ports to step up improvements to their infrastructure, a panel of transportation industry experts said Aug. 18.
Jumbo Cargo Ships Crossing Daily as Panama Canal Use Ramps Up
Initial containership traffic through the expanded Panama Canal is averaging about one larger vessel per day during a ramp-up period that should be followed by exponential growth in the months and years ahead.
PortMiami Docks Its First Neopanamax Ship
PortMiami officially joined the Neopanamax era July 9, when the MOL Majesty — a vessel too big to fit through the original Panama Canal — became the first ship to arrive at the port after transiting the newly expanded canal.
New Panama Canal to Alter Global Logistics
Now that the expanded Panama Canal is open for business, changes to global shipping patterns will be far-reaching and gradual, experts said.