Panama Canal’s Drought Traffic Dip Could Cost $700 Million
PANAMA CITY — A severe drought that began last year has forced authorities to slash ship crossings by 36% in the Panama Canal, one of the world’s most important trade routes.
January 18, 2024Greek Shipping Giant Warns Panama Canal Chaos May Hit Suez
Congestion at the Panama Canal could result in delays at Egypt’s Suez Canal, possibly affecting cargoes of liquefied natural gas, according to an official at Angelicoussis Group.
Port Panama City Moves Forward on New East Terminal
The Panama City Port Authority on July 20 moved forward with plans for its new East Terminal.
July 24, 2017New Route Brings Cargo to Philadelphia via Bigger Panama Canal and 'Panamax' Ships
With the long-awaited $5.4 billion Panama Canal expansion completed and allowing bigger ships to carry more cargo through the waterway, some of those larger vessels are coming to the Port of Philadelphia.
Texas’ Port Freeport Stakes Its Claim on Cargo Boom
The idea of Port Freeport — 60 miles due south of downtown Houston on a marshy stretch of Texas Gulf Coast — as a titan of foreign trade might sound bananas.
Panama Canal Expansion Exposes US Infrastructure, Shipper Woes
The $5.2 billion expansion of the Panama Canal was expected to make U.S. East Coast ports more competitive for cargo ships carrying televisions, tennis shoes and other products from Asia.
Panama Canal Expansion Seen Open by July After Years of Setbacks
The expansion of the Panama Canal, a $5.3 billion project almost two years behind schedule and plagued by cost overruns and contractor disputes, is expected to be opened by the end of June, according to the agency that operates the waterway.
East Coast Ports’ Share of Import Traffic Seen Rising With Panama Canal Expansion, Study Says
As much as 10% of container traffic from Asia could shift from to East Coast from West Coast ports by 2020 after the Panama Canal’s expansion next year, according to a new study.
June 19, 2015Panama Canal Expansion Is 90% Complete
The Panama Canal expansion project is 90% complete with the start of filling new locks on the Atlantic Ocean side of the waterway.
June 15, 2015Biden Calls for Infrastructure Upgrades Ahead of Panama Canal Expansion
Vice President Joe Biden urged lawmakers and transportation stakeholders to invest in port-expansion projects to accommodate the large ships that will travel through the expanded Panama Canal next year.