Canal
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Marine World
Ship Pays $4 Million to Cut the Line at Panama Canal
By Lucia Kassai and Ruth Liao (Bloomberg) — A container ship paid $4 million to cut the line at the Panama…
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Marine World
Panama Canal Advances Energy Corridor Bid Process as Prequalification Phase Moves Forward
The Panama Canal Authority has completed the document submission phase for companies seeking to participate in the prequalification process for…
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Marine World
Global Trade Faces Fresh Test as Panama Canal Curbs Bookings
Global trade faces a fresh headache on top of the months-long snarls in the Middle East that have roiled flows,…
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Marine World
Maersk Expands Red Sea Return With MECL Service Through Suez Canal
Maersk is expanding its gradual return to the Suez Canal, announcing that its MECL service linking India, the Middle East…
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Maritime News
Maersk Resumes Suez Canal Route From Middle East to US
Maersk, one of the world’s biggest container shipping groups, said on Thursday it would resume its Middle East-to-U.S. East Coast service through the…
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Marine World
Panama Canal Deepens Draft Restrictions as El Niño Strengthens
The Panama Canal Authority (ACP) will further reduce the maximum authorized draft for vessels transiting its Neopanamax locks later this…
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Maritime News
Panama Canal Plans Two More Decreases in Neopanamax Draft Levels
After taking what was called a preemptive step in June to lower the maximum drafts of vessels, the Panama Canal…
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Marine World
Panama Canal Sees Revenue Beating Forecast After Hormuz Closure
The Panama Canal expects revenue to exceed its $5.2 billion forecast for fiscal 2026 after the closure of the Strait…
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Maritime News
Suez Canal Will Raise Surcharge Fees as It Still Looks to Increase Transits
The Suez Canal Authority has posted its first wide-ranging rate increases in the form of revised surcharges for transits in…
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Maritime News
Panama Canal Preemptively Lowers Draft Levels Due to El Niño Forecast
The Panama Canal Authority issued an advisory to shipping companies announcing that it plans to reduce the maximum authorized draft…
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