A ship passing through the Miraflores lock in the Panama Canal.

Source: https://phys.org/news/2023-04-drought-threatens-panama-canal-shipping.html

By Anna Shiryaevskaya (Bloomberg) — Unprecedented congestion at the Panama Canal could ultimately result in delays at Egypt’s Suez Canal, potentially affecting cargoes of liquefied natural gas, according to a top.

Source: https://gcaptain.com/baltic-dry-index-soars-to-18-month-high-on-capesize-surge/

Furthermore, shipping rates are likely to go up due to both blockage plaguing the Panama Canal.

Source: https://investorplace.com/2023/09/the-3-most-undervalued-under-1-stocks-to-buy-in-september-2023/

Last month, the Panama Canal Authority held 140 auctions, it said.

Source: https://businessmirror.com.ph/2023/11/09/it-can-now-cost-4-million-to-skip-the-queue-at-the-panama-canal/?utm_source=rss&utm_medium=rss&utm_campaign=it-can-now-cost-4-million-to-skip-the-queue-at-the-panama-canal

Ocean carriers will have to consider downsizing vessels deployed on the Asia-US east coast Panama Canal loops, but voyages with smaller tonnage could lose money unless the lines are able to raise rates substantially.

Source: https://gcaptain.com/panama-canal-drought-seen-sending-transpacific-container-rates-north/

The congestion at the Panama Canal will likely result in the delayed delivery of goods and could have a ripple effect across the worldwide supply chain - and may even affect in the UK, one expert believes.

Source: https://www.express.co.uk/news/world/1839919/panama-canal-trade-route-drought-christmas-delays

The number of Very Large Gas Carriers transiting the Panama Canal is projected to almost halve by February 2024, and there are concerns that those transits will reduce to zero come January, S&P Global further said.

Source: https://indianexpress.com/article/explained/explained-economics/red-sea-attacks-shipping-global-trade-panama-canal-9083539/

The Panama Canal, one of the world’s busiest maritime trade passages, is facing tough times.

Source: https://www.euronews.com/2023/08/04/panama-canal-faces-tough-times-as-ship-crossings-dip

“We can get this Panama Canal things settled, but if anybody says it’s a good thing, the Senate will kill it, and if anybody says it’s a bad thing, the Communist party will kill it,” he said.

Source: https://www.globalatlanta.com/andrew-young-accepts-award-from-world-jurist-association-in-spain/

We mention all this because, these days, what China wants, China gets — from man-made islands in the South China Sea to of Teddy Roosevelt’s Panama Canal.

Source: https://patriotpost.us/articles/95037-caving-to-china-on-covid-2023-02-16