Bangladesh looks at demurrage waiver as containers pile up in Chittagong
The Chittagong port yards now have close to 40,000 teu of containers, mainly loaded with ...
AMZN: APPEAL UPDATEDSV: PRESSURE BUILDS AAPL: OPENAI FUNDING INTERESTCHRW: ANOTHER INSIDER CASHES INHLAG: GRI DISCLOSUREMAERSK: HOVERING AROUND FOUR-MONTH LOWSTSLA: CHINA COMPETITIONDHL: BOLT-ON DEAL TALKAMZN: NEW ZEALAND PROJECTDHL: SURCHARGE RISKKNIN: LEGAL RISKF: 'DEI' HURDLESPLD: RATING UPDATEXOM: DISPOSALS
AMZN: APPEAL UPDATEDSV: PRESSURE BUILDS AAPL: OPENAI FUNDING INTERESTCHRW: ANOTHER INSIDER CASHES INHLAG: GRI DISCLOSUREMAERSK: HOVERING AROUND FOUR-MONTH LOWSTSLA: CHINA COMPETITIONDHL: BOLT-ON DEAL TALKAMZN: NEW ZEALAND PROJECTDHL: SURCHARGE RISKKNIN: LEGAL RISKF: 'DEI' HURDLESPLD: RATING UPDATEXOM: DISPOSALS
So far, the impact of the Panama Canal restrictions has been limited to the container shipping sector, but the signs are becoming increasingly ominous. While it continues to prioritise container traffic, overall canal capacity is declining. Reuters reports that over the weekend the Panama Canal Authority revealed that the lack of rain had led it reduce the number of daily transits from 32 to 31, down from the 40 a day it would normally operate. This means only nine vessels a day will be able to use its neo-panamax locks, nominally able to transit vessels of up to 14,000 teu capacity, although the draught restrictions now in place mean they can’t be fully laden. In addition, 22 ships a day will be able use its panamax locks.
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