The Panama Canal has been facing a severe drought for the past few months, which has significantly impacted its operation and, as a result, global shipping (source: Safety4Sea).
READ MORE >Canceled sailings by container lines are having some unforeseen consequences, as schedule unreliability has resulted in increased inventories, higher costs, and now a disruption to backhaul trades (source: SeatradeMaritime News).
READ MORE >Anticipating more containerized cargo imports and exports, the Vietnamese government announced it will invest up to $1.7bn to build more inland container depots (ICD) by 2030 (source: The Loadstar).
READ MORE >The global air cargo spot rate flattened to USD 2.19 per kg in August, its lowest level since the onset of the pandemic (source: AJOT).
READ MORE >U.S. dockworkers ratified a six-year contract that improved pay and benefits for 22,000 employees at 29 ports stretching from California to Washington State (source: Reuters).
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