Via Phys.org, a report on Panama’s plan to develop a dry alternative to its drought-hit canal: Panama on Wednesday unveiled plans for a “dry canal” to move cargo between the Pacific and Atlantic oceans due to low water levels in its century-old maritime channel. The Panama Canal usually handles about six percent of global maritime trade, […]
Read more »Courtesy of the Wall Street Journal, a report on how drought in Panama and Houthi attacks in the Red Sea are delaying deliveries and pushing up costs: More than 50 ships queued to cross the Panama Canal on a recent day—from tankers hauling propane to cargo ships packed with food. A prolonged drought has led the canal’s […]
Read more »Via the Washington Post, commentary on long-term plans for the Panama Canal: Environmental impact is an urgent issue, and, as noted in the Jan. 26 editorial, “A dry Panama Canal shows what’s ahead — everywhere,” the Panama Canal has been affected, as have other water routes, including the Rhine, Amazon and Mississippi rivers. The Panama […]
Read more »Via World Politics Review, a report on the impact that China’s economic slowdown may have upon Latin America: Over the past two decades, as China’s breakneck economic growth turned it into the engine of the global economy, Beijing became an increasingly powerful player in Latin America. It displaced the United States, long the top trading […]
Read more »Courtesy of the Washington Post, editorial commentary on how a dry Panama Canal demonstrates how climate change will scramble globalization: Global shipping companies excited by the potential new routes that climate change and melting ice are opening up around the North Pole have gotten walloped by some unexpected bad news. The Panama Canal might be […]
Read more »Courtesy of The Economist, a look at how the dwindling of the Panama Canal boosts rival trade routes: It has been an unhappy new year in the world’s busiest shipping lanes. Houthi rebels began attacking vessels passing into the Red Sea through the Bab al-Mandab Strait in early December. Trade volumes through the Suez Canal […]
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