Panama Canal so Clogged Shipping Company Paid $4M to cross

Discussion in 'Other News' started by Chinatown, Dec 6, 2023.

  1. Chinatown

    Chinatown Road Train Member

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    Shipping companies are bidding ever-higher amounts to get through the Panama Canal faster. A Japanese company paid a record $4 million on top of normal fees, Bloomberg reported. The unprecedented bid reflects the enormous strain on the canal during a period of drought.
    Panama Canal so Clogged Shipping Company Paid $4M to Jump t…
     
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  3. buzzarddriver

    buzzarddriver Road Train Member

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  4. Chinatown

    Chinatown Road Train Member

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  5. haz-matguru

    haz-matguru Road Train Member

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    Wasn't there a wider and better canal under way, or had it started yet?
     
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  6. Chinatown

    Chinatown Road Train Member

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    Nicaragua Grand Canal
     
  7. Cat sdp

    Cat sdp . .

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    So what they don’t have enough water or they are purposely slowing things down for extra money?
     
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  8. aussiejosh

    aussiejosh Road Train Member

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    Wow think we're all somehow in the wrong business owning a canal between major oceans seems like a very good option. :cool:
     
  9. Chinatown

    Chinatown Road Train Member

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    Shortage of fresh water due to drought.
    That's the reason construction on the Nicaragua Grand Canal was halted.
     
  10. aussiejosh

    aussiejosh Road Train Member

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    This was the whole idea behind the Suez and Panama Canals it saved shipping companies time and money to go the shortest route to their destination, just like driving trucks I suppose if you can shorten your route by 100 miles you'll save a good 1 hr & 1/4 in time and quite a bit of diesel. Obviously major shipping companies moving frieght from China, Vietnam, South Korea, Japan, and Taiwan if going to LA or San Fransico won't have an issue, but to go to Europe sailing right down the tip of South America is long way to go not to mention the rougher ocean. Yes the Arctic Circle has become a newer option and would be a short route also but the risk of large Icebergs would force the ships to travel at a much slower pace.
     
  11. Chinatown

    Chinatown Road Train Member

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    Russia has nuclear powered ice-breaker ships that can break through the ice easily.
    ~
    The first nuclear icebreaker was the Soviet vessel Lenin, which was launched in 1957 as the world’s first nuclear-powered surface vessel and the first civilian-operated nuclear vessel.
    ~
    Never underestimate Russia!
    Russian Ice-breaker ship.
    [​IMG]
     
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