Information reaching the national capital here indicate extending the restrictions would allow the canal some room to preserve water before the next rainy season. This is a peak season because December is approaching and merchandise for Christmas is moving fast.
Water levels in the canal have not recovered enough and limits on daily transit and vessel draft will stay in place for the rest of the year and throughout 2024, the waterway’s authority has said. This is an alarming situation.
The global waterway handles an estimated 5% of world trade. If the situation remains the same, there will be expensive freight costs ahead of the approaching Christmas season.
Some of the shipping companies are paying astronomical charges to beat the congestion, says a report in Business Insider. “A $2.4 million price tag was the winning bid for an auction held by the canal authorities for vessels to secure slots to sail through the waterway,” the newsmagazine said in a report. The containers are stuffed with items including furniture, building material, and consumer goods. Some carry oil, gas, and grain. The Panama Canal is a vital gateway for global shipping. An estimated $270 billion worth of cargo passes along the canal each year en route to over 170 countries.
هذه القصة مأخوذة من طبعة September 10, 2023 من The Sunday Guardian.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة September 10, 2023 من The Sunday Guardian.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
TRANSFORMING WASTE INTO RESOURCES: COCA-COLA'S MAIDAAN SAAF CAMPAIGN
Coca-Cola has taken the initiative to spearhead sustainability initiatives at Maha Kumbh 2025.
JSW MG Motor India Partners With Kotak Mahindra Prime
JSW MG Motor India today announced its partnership with KMPL to offer a finance solution for its innovative Battery-As-AService (BaaS) ownership program to EV customers.
USIBC URGES NEW U.S. GOVT TO PRIORITISE TRADE AGREEMENTS WITH INDIA
The US-India Business Council (USIBC) has urged the incoming Trump administration in US to prioritise reciprocal trade agreements with India, particularly in defence, digital services and pharmaceuticals among others.
FIU-IND and NHB sign MoU for enhanced coordination
The Financial Intelligence Unit (FIU-IND) and the National Housing Bank (NHB) on Saturday signed a Memorandum of Understanding (MoU) as part of continued coordinated efforts in effective implementation of requirements of the Prevention of Money Laundering Act and Rules framed thereunder in New Delhi.
A time for purification
The Maha Kumba Mela is probably the world's greatest event.
SEBI extends timeline for ESG rating review post BRSR publication
To promote ease of doing business, markets regulator Sebi on Friday provided relaxation in the timeline for review of ESG rating following the publication of Business Responsibility and Sustainability Reporting (BRSR).
How to identify Ponzi schemes
Imagine a world where your money works for you, effortlessly multiplying while you sleep. You hear whispers of investment opportunities that promise sky-high returns—50%, 100%, or even more— all with minimal risk.
Brokerages gave thumbs up to RIL 3Q FY25 results
Reliance Industries Ltd.(RIL) delivered a robust performance in the third quarter of FY25, with analysts across major financial institutions highlighting better-than-expected strong recovery in its Retail and Oil-to-Chemicals (02C) businesses.
An archaic foundation of the Kumbh Mela
In essence, the templating for the Tanunaptra comprises a particular event wherein the Gods came together to convocate and to share, Each drawing from T 'most valued' 'strengths' or 'capacities' to make Their 'best contribution', with all of these being 'pooled together' ('Mela', we might suggest) to produce a sing potency far grander than could be conceived of through unlinked individual expressings.
Cosmography of the Kumbh Mela
The word 'kumbh', vase or recipient that holds the nectar of immortality, has survived in other Indo-European languages such as French, where a 'combe' is a high valley in which flows a river.
