A perfect storm sends shipping rates surging

Jul 19, 2024
Storms, both real and predicted, along with war, drought and retailers planning ahead have raised the cost of sending goods around the world.
Storms, war, drought and holiday season front-loading have all raised the cost of sending goods around the world.
Getty Images

Historic drought at the Panama Canal threatens global shipping

Mar 6, 2024
Many fewer vessels now traverse the canal daily. The water deficit is a global phenomenon that has been linked to climate change.
Water levels at the Panama Canal are among the lowest on record.
Courtesy Panama Canal Authority

Despite problems in the Red Sea and Panama Canal, shipping costs are falling

Feb 19, 2024
Carriers are figuring out how to reduce risk and deal with disruptions caused by the Houthis' attacks and low water levels in shipping lanes.
The international shipping industry appears to have been able to manage the risks posed by recent disruptions.
Martin Bernetti/AFP via Getty Images

Panama drought makes canal passage "quite the challenge," customs broker says

Oct 18, 2023
Low water levels in the Panama Canal are forcing a customs broker in Pennsylvania to reroute cargo so it's deliver on time.
Low water levels in the Panama canal are affecting shipping costs globally.
Justin Sullivan/Getty Images

Panama Canal faces uncertain future because of climate change, drought

Jul 31, 2023
Six percent of all global trade passes through the canal’s 50-mile stretch of water. New passage restrictions could particularly harm the U.S. economy — since it's the nation that uses the trade route most.
Above, a ship navigates the Panama Canal in Panama City. The canal authority puts restrictions on shipping companies when there’s not enough water.
Luis Acosta/AFP via Getty Images

Climate change is impacting the Panama Canal — and the trade that moves through it

Sep 5, 2022
Officials are searching for a way to increase the flow of water without disrupting the environment and Panamanian society.
Freighters enter the Panama Canal on the Atlantic side. As droughts and storms become more common, the canal needs to find fresh sources of water and new ways to store it. 
Searagen/Getty Images

The Port of Los Angeles gives a lesson in mega ships

Aug 24, 2016
East Coast ports can learn a lot from Los Angeles about handling giant ships.
The CMA CGM Benjamin Franklin, the largest container ship to ever call at a North America port, is docked at the Port of Los Angeles in San Pedro, California.
SCOTT VARLEY/AFP/Getty Images

For public good, not for profit.

The canal has made Panama rich, but inequality persists

With over a quarter of its citizens in poverty, Panama has one of the worst income distributions in Latin America.
The view of downtown Panama City from Boca la Caja, a former fishing village.
Bill Lancz/Marketplace

Have we reached peak trade?

If trade growth stalls, what does that mean for the American worker?
The Port of Balboa, viewed from the Diablo neighborhood, located in the former Panama Canal Zone.
Bill Lancz/Marketplace

What happens when shipping lines build for growth that never comes

The shipping industry is seeing prices collapse as slowing global trade growth drags down demand.
A container ship exits the Panama Canal toward the Pacific Ocean, with the Balboa Yacht Club in the fore.
Justin Ho/Marketplace