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Argentina’s central bank has imposed immediate restrictions on foreign currency holdings by commercial lenders, effective until year-end. The rule aims to unwind current dollar holdings, stabilize the peso, and address the anticipated 27% value drop on Monday (potentially 44% under

In the ever-evolving landscape of global shipping, recent developments about Panama have sparked strategic shifts and raised industry concerns. Here’s a concise overview. Panama Congestion and Route Adjustments: Last week, Panama anchorages faced peak congestion, leading to diversions through the Suez Canal

In the latest on the Panama Canal situation, a low-water crisis is impacting daily vessel transits, with no quick fix in sight. Efforts to address the issue, including a proposed $2 billion investment in new facilities, face potential approval delays

In October of 2023, the Panama Canal area experienced its driest month in 73 years, significantly affecting water levels. As a result, the Panama Canal Authority (ACP) has introduced measures to conserve water and maintain operations. Here’s a brief overview: Transit Capacity

WASHINGTON, October 10, 2023 – Import cargo volume at the nation’s major container ports has already hit its expected peak for the year and should gradually slow headed into the holiday season, according to the Global Port Tracker report released