Archive: August 2023
August 28, 2023
Panama Canal to Enforce Water Restrictions for 10 Months
Global shipping bodies have been urged to come together to share transit plans at one of the world’s key maritime chokepoints, with officials at the Panama Canal Authority warning that water-conserving measures will be in place for at least the…
READ MORE >August 28, 2023
Asia-North Europe Rates Sink as GRIs ‘Run Out of Steam’
Ocean carriers are giving back their recent Asia-North Europe FAK rate increases via heavy discounts for October shipments from China (source: the Loadstar).
READ MORE >August 23, 2023
When Do You Need a Customs Broker?
Navigating the complexities of international trade and customs regulations can feel overwhelming for businesses. This is where customs brokers play a vital role. A customs broker is a licensed…
READ MORE >August 17, 2023
TSA Expands Air Cargo Screening Program
The Transportation Security Administration (TSA) has expanded its ‘Certified Cargo Screening Program’ to enable more air cargo shippers to enter the secure supply chain, while boosting speed and security of shipments. Supply chain stakeholders now have the option of undergoing…
READ MORE >August 9, 2023
Growing Panama Canal Congestion Restricts Vessel Passage
Delays at the Panama Canal averaged about 15 to 19 days per vessel in the first week of August, with low water levels in the Gatun Lake restricting the numbers of fully-laden vessels able to make the transit (source: Splash…
READ MORE >August 8, 2023
Panama Canal Reduces Traffic in Response to Drought
The Panama Canal Authority has reduced the number of ships able to transit the waterway daily to 22 at the older Panamax locks and 10 at the Neopanamax locks, effective July 30, the canal authority said July 25 (source: S&P…
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