Maersk to use freight rail to circumvent Panama Canal amid drought

A.P. Moller-Maersk has announced it will begin using a freight railroad to bypass the drought-stricken Panama Canal, as low water levels have forced authorities to limit the number of large ships passing through.

The shipping container giant said Wednesday its Oceania-Americas (OC1) service, which normally uses cargo ships to transit the canal, will instead utilize the Panama Canal Railway, a 47-mile railroad running adjacent to the canal that connects the Atlantic and Pacific oceans.

Maersk’s...

https://www.freightwaves.com/news/maersk-to-use-freight-rail-to-circumvent-panama-canal-amid-drought

Europe’s Parched Lifeline Flashes Trade Disruption Warning

By Jack Wittels, Megan Durisin and Celia Bergin (Bloomberg) –Shallow waters on the Rhine are disrupting barge traffic and forcing up the cost of shipping, an early indicator the continent may need to brace for a redux of the seismic economic shock caused by last year’s drought. At Kaub, a key waypoint in western Germany, the river-measure is the lowest it’s been this time of year since 2017. Any barges planning on hauling diesel further into inland Europe are restricted to loading at about...

https://gcaptain.com/europes-parched-lifeline-flashes-trade-disruption-warning/

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