Container shipping plays a pivotal role in global trade, facilitating the movement of goods across vast distances. Central to this logistical web are the world’s major canals, serving as vital arteries connecting various regions and enabling efficient maritime transportation. Shipping canals, varying in length, width, and depth, crisscross the globe, enabling seamless navigation for a…
Globalia Blog
Tag: Panama Canal
The latest updates on the Panama Canal drought and its implications on ocean freight shipping
Climate change is affecting the viability of the Panama Canal, a crucial artery for global trade. A prolonged and severe drought during what should have been Panama’s rainy season has significantly lowered the water level of GatĂșn Lake, the freshwater source essential for operating the canal’s locks. The lake is currently nearly 6 feet below…
Hot the Panama Canal drought is affecting the container shipping industry
The Panama Canal, an engineered waterway that links the Atlantic and Pacific Oceans, has served as a critical artery for the container shipping industry for over a century. According to the ACP, it now connects almost 2,000 ports in 170 countries, with the United States, China, and Japan being the top origin and destination countries….