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April 20, 2024
 

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CANAL

The Monrovia NSU Challenger bulk carrier transits the expanded canal through the Cocoli Locks of the Panama Canal in April 2023.
ENVIRONMENT / Sustainability
Mar 22, 2024
'We all need water': Panama's canal, and people, thirst for more
A severe drought last year caused water levels in Gatun Lake, which provides drinking water and is the main reservoir for the canal, to fall.
Cargo ships wait in the anchor zone to cross the Panama Canal from the Pacific entrance near Panama City, Panama, on Sept. 1, 2023. Ships have been waiting for days as the congestion to cross from both sides increase due to intense droughts in the country.
WORLD / Society
Jan 3, 2024
Saving the Panama Canal will take years and cost billions, if it’s even possible
Climate change-induced drought is limiting the number of ships on the waterway, which handles about 46% of containers moving from Northeast Asia to the U.S. East Coast.
Recent attacks on vessels in the Red Sea by the Iran-aligned Houthi militant group have forced shipping companies to reroute around the Cape of Good Hope to avoid the Suez Canal.
BUSINESS / Companies
Dec 20, 2023
Companies rush to avert Red Sea attacks as shipping rates rise
They are exploring alternative routes to avoid the region where the Houthi militant group is actively targeting vessels.
A container ship is seen near the Panama Canal, in Panama City on Saturday.
BUSINESS
Dec 5, 2023
Panama canal jam sends ships sailing continents out of way
The canal is being squeezed shut by drought, and the bottleneck will only worsen in the coming months as Panama enters its annual dry season.
A worker supervises construction work on a wave breaker in the port of Salina Cruz, Oaxaca, Mexico, on Oct. 9, as part of expansion works on the Interoceanic Railway that connects the Pacific Ocean and the Gulf of Mexico.
BUSINESS
Nov 16, 2023
Mexico building rail rival as water shortages drain Panama Canal
By 2028, the Isthmus of Tehuantepec Interoceanic Corridor should see 300,000 cargo containers transit every year, with 1.4 million by 2033.
A bulk carrier at the Panama Canal on April 19
BUSINESS / Economy
Aug 22, 2023
Historic drought and hot seas slow Panama Canal shipping
Restrictions already are sending China-U.S. spot shipping prices up as much as 36% amid soaring sea temperatures.
A bulk carrier transits through Cocoli Locks at the Panama Canal, on the outskirts of Panama City, Panama, on April 19.
BUSINESS / Economy
Aug 11, 2023
Drought-hit Panama Canal lets more unbooked ships pass
Around 70% of canal traffic comes from or goes to the U.S., where retailers like Walmart, Amazon and Target prep for winter holiday sales.
Japan Times
BUSINESS
Jun 3, 2023
The Fed's fight against U.S. inflation faces a new challenge: A dry Panama Canal
A severe drought has caused water levels in Panama to drop far below normal, resulting in weight limits and rising surcharges for vessels traversing the canal.
Japan Times
WORLD
Feb 25, 2023
World's largest ice rink stays shut for first time due to mild Canadian winter
The 7.8 kilometer Rideau Canal Skateway, first opened over 50 years ago, is part of a UNESCO World Heritage Site in the Canadian capital that is a top attraction for skating enthusiasts.
Japan Times
BUSINESS / Companies
Jul 14, 2021
Suez ship’s Japan owner braces for ‘thousands’ of legal claims
The scale of future litigation was laid bare at a court hearing, where lawyers won an order to put potential claims on hold for two months.
Japan Times
WORLD
Jul 7, 2021
Ever Given container ship under way for departure from Suez Canal
The Suez Canal Authority had held the ship under court order as it pursued a compensation claim, creating a dispute with the ship's insurers and Japanese owner Shoei Kisen.
Japan Times
BUSINESS
Jun 23, 2021
Suez Canal and Ever Given ship owners reach deal on compensation
The two sides will finalize an agreement 'as soon as possible,” after which arrangements will be made to let the ship leave Egypt
Japan Times
BUSINESS
Apr 15, 2021
Egypt seizes Suez ship Ever Given pending $900 million payment
A spokesman for Japanese owner Shoei Kisen Kaisha declined to comment on compensation while discussions with the Suez Canal Authority are underway.
Japan Times
BUSINESS
Apr 11, 2021
Suez Canal chief suggests 'mistake' by captain in ship's stranding
The Ever Given container ship became stuck in the vital international waterway in late March.
Japan Times
COMMENTARY / World
Apr 4, 2021
Was the Suez container ship crisis unforeseeable?
Last week, a massive container ship wedged itself between both banks of the Suez Canal in Egypt, completely blocking the waterway and affecting 10% of the world’s trade traffic. I could not keep silent about the matter, having been to the canal several times, as I spent two years beginning in 1979 in Cairo studying Arabic during my training stage at the Japanese Foreign Ministry.
Japan Times
COMMENTARY / Japan
Mar 30, 2021
Stuck in the Suez, a warning to the world
The closure is not unprecedented. The Suez canal has been blocked five times: three times by accidents and twice because of regional politics.
Japan Times
BUSINESS / FOCUS
Mar 30, 2021
End of Suez snarl marks beginning of new stress on global trade
In its wake, the Ever Given leaves several weeks or months of disruptions across a world economy where the pandemic revealed both the sturdy backbone of global trade and an Achilles' heel.
Japan Times
BUSINESS / Economy
Mar 29, 2021
Suez ship partly refloated in first step toward reopening canal
There was no immediate clarity on the crucial question of when traffic in the canal will restart.
Japan Times
BUSINESS
Mar 29, 2021
Diggers and dredgers struggle to free ship blocking Suez Canal
At least 369 vessels are waiting to transit the canal, including dozens of container ships, bulk carriers, oil tankers and LNG or LPG vessels.
Japan Times
BUSINESS / FOCUS
Mar 28, 2021
When a desert wind blew $10 billion of global trade off course
The grounding highlighted the fragility of a global network of markets and economies that takes for granted the flow of goods through it.
No link to Nankai Trough quake seen after temblor in Shikoku
Satoshi Harada from the Meteorological Agency explains about the magnitude 6.6 earthquake during a news conference early Thursday.
Thousands evacuated as Indonesia volcano erupts
Indonesia's Mount Ruang spews hot lava and smoke as seen from Sitaro, North Sulawesi, on Wednesday.
Why hasn't Japan moved to prop up the weak yen?
Finance Minister Shunichi Suzuki speaks to reporters in Tokyo on Tuesday.
Snake on a train: Discovery of serpent delays Tokyo-Nagoya shinkansen
A Tokaido shinkansen. It is unclear whether the snake was venomous or how it ended up on the train, and there was no injury or panic among passengers.
In a first, Japan doctors sue Google over negative reviews on firm's map app
One of the lawyers representing a group of doctors suing Google told a news conference that the main purpose of the lawsuit is not to seek compensation but instead to raise awareness over various problems with the Google Maps system.
'House of the Owl' brings Hollywood values to Japanese TV
In the new Disney+ series “House of the Owl,” Min Tanaka (left) plays a powerful political fixer, or “kuromaku,” who has a troubled relationship with his adult children, particularly his idealistic son, played by Mackenyu.
Benefits and risks: AUKUS looks to take gamble on Japan
U.S. President Joe Biden, Australian Prime Minister Anthony Albanese and British leader Rishi Sunak deliver remarks on the AUKUS partnership, after a trilateral meeting, at Naval Base Point Loma in San Diego in March last year.
Kyoto’s demon night parade lives to haunt another day
In a Kyoto long past, the "hyakki yagyō" (100 demon night parade) haunted a sleepy corner of Kyoto. Now, one enterprising monster enthusiast has won a small batttle to keep the march alive.
U.S. deploys midrange missile system in Indo-Pacific for first time
A U.S. Army Mid-Range Capability (MRC) Launcher arrives as part of the capability’s first deployment into theater on Northern Luzon, Philippines, April 8.

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