April Showers Brings Brighter Days for Panama Canal Transit

Looks like rain: Panama Canal Authority eyes return to normal service
The Panama Canal could be back at nearly full capacity in time for this year’s peak season, if current rainfall forecasts prove to be accurate.
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MSC Aries now bound for Iran, and crisis will be ‘a catalyst for higher rates’
Less than 2% of the containerships active in the Persian Gulf are Israeli-owned, and redeploying these vessels to other routes is unlikely to significantly disrupt trade, according to new analysis from Linerlytica today.
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Ocean carriers push Panama Canal to mitigate climate effect on water levels
The Panama Canal’s ability to handle more ships in the coming months is an encouraging sign for ocean carrier executives who say the added capacity will be needed as container shipping continues to avoid the Suez Canal. Yet the liner industry is calling on Panama to invest more to mitigate the effects of climate change on the canal.

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HMM unveils ambitious plan to double container fleet, capacity by 2030
HMM, South Korea’s top container line, is planning to increase both its container vessel fleet and lifting capacity by more than 50% by 2030 under a mid- to long-term strategic plan announced by chief executive Kim Kyung-bae Monday.
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Iran Launches Drone and Missile Attack at Israel
Iran launched a wave of more than 300 drones and cruise and ballistic missiles toward Israel, setting up a direct military confrontation between the two nations and raising the risks of wider regional war.
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Third temporary channel opens at Key Bridge collapse site
A third temporary channel opened Saturday at the site of the Francis Scott Key Bridge collapse. Commercial vessels were able to use the Fort Carroll Temporary Alternate Channel, which has a controlling depth of 20 feet, a 300-foot horizontal clearance and a vertical clearance of 135 feet.
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