SK Gas Pays Record $5.3m for a Single Panama Canal Transit Slot
SK Gas has paid $5.3m for the right to move the LPG carrier G. Spirit through the Panama Canal on 1 September, setting the second Korean transit-slot record in a month.
Panama Canal Cuts Daily Transits to 32 From September 3
Daily transits drop from 34 to 32 on September 3 and fall again on September 15, with unbooked ships already waiting more than eight days to get through.
European Drought Cuts River Freight And Power Output Across Seven Countries
Water levels on Europe's two principal commercial rivers have fallen to record lows, with the Rhine dropping below twenty centimetres of navigable depth at a key reference point in early August and the Danube falling under ten
Panama Canal Slot Auction Prices Climb As Queue Lengthens
Auction prices for Panama Canal transit slots have climbed towards four million dollars as the waiting queue lengthens and lake levels continue to fall.
Romania Sinks Barges In The Danube To Keep A Nuclear Reactor Running
Romania has been sinking four barges loaded with rock into the Danube to redirect water towards a nuclear power station whose second reactor is at risk of shutting down.
Panama Canal profit rises 19% as authority braces for a severe El Niño
The Panama Canal Authority reported a 19 percent rise in profit for the first nine months of its fiscal year, even as it prepares for a sharply increased risk of a severe El Niño event.
Drought forces closure of Dutch canal network to barge traffic
A prolonged drought has forced the closure of the Twentekanalen to commercial shipping, with authorities calling it an unavoidable but drastic step to preserve water levels.
Low water on Europe's great rivers disrupts shipping
Exceptionally low water on the Rhine and Danube is disrupting shipping and pushing up freight costs.
Panama Canal trims daily booking slots over water worries
The Panama Canal is reducing daily booking slots amid concern that a dry spell could squeeze water supplies.
Panama Canal trims vessel draft, reviving memories of the drought crisis
The Panama Canal Authority will cut the neopanamax draft limit to 49.5 ft from 3 July, citing Gatun Lake levels and El Niño risk and reviving 2023-24 drought fears.
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