The India-Middle East Corridor: A new Silk Route or diplomacy by PowerPoint?
The US' bid to take on China with the new Imec transit corridor leaves regional powers jockeying for influence. But will it actually be used?
Source: middleeasteye.net
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MSC pays a premium for 49.9% stake in HHLA
Port of Hamburg terminal operator HHLA will increase its volumes through Hamburg port following an agreement to buy a 49.9% stake in the operator.
Source: seatrade-maritime.com
Panama Canal congestion: "skipping the queue immensely costly"; east South America suffering — MercoPress
Vessels in queue for transit across the Panama Canal stood at 128 ships on September first, some 42% above the 90 average, but 21% below the figure a month ago. While container ships, which have fixed schedules, tend to have reserved slots, the voyage plans for the tramp trades continue to be hit hard by the ongoing congestion brought about by drought and subsequent draft and transit restrictions put in place by the Panama Canal Authority (ACP).
Source: mercopress.com
Water Makes The Whole Thing Work, But Panama Canal Is Running Out Of Water.
It affects bananas and plantains from Ecuador to Florida. Chickens and turkeys from Chile to northern Europe. Liquid Natural Gas from the United States to Asia. And all kinds of consumer products that China sends to the West.
Source: thestkittsnevisobserver.com
From bananas to LNG, Panama Canal backlog has wide-reaching implications
Traffic jam at Panama Canal is a snapshot of how goods move in our globalised world, and the collateral damage at stake.
Source: aljazeera.com