Logistics & Ports

Panama Canal to Extend Transit Restrictions for at Least 10 More Months

 The Panama Canal expects to maintain restrictions on daily vessel transit and maximum draft for at least 10 more months amid a prolonged drought that has lowered the water level, an official from the waterway said on Thursday. The canal’s authority earlier this year began imposing restrictions, causing a backlog of vessels waiting to pass. The curbs have forced …

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Who will control New Jersey’s ports now that the state has withdrawn from Waterfront Commission?

A little known but powerful public agency created 70 years ago to root out organized crime on the  New York Harbor docks officially closed shop last month. The demise of the bi-state Waterfront Commission of New York Harbor comes after a five-year legal battle between Trenton and Albany about which state would control policing of …

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Panama Canal water levels are dangerously low because of a massive drought and it could mean bad things for global inflation

Federal Reserve Chair Jerome Powell keeps careful track of employment levels, wages, consumer prices and numerous other metrics to see where the US inflation rate may be headed in the next year. He might also want to keep an eye on water levels at Gatun Lake. That’s the lake that feeds the locks in the Panama Canal with the fresh water …

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Port of New York and New Jersey Regains Status as Busiest Container Port in US

The Port of New York and New Jersey has officially regained its status as the busiest container port in the United States. Despite a traditionally slow period for US ports in February, the Port of New York and New Jersey managed to move 571,177 TEUs (twenty-foot equivalent units) of cargo in February, surpassing West Coast rivals such …

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