Logisticians fear turbulence in shipping - Business Pulse article
Logisticians fear turbulence in shipping - Puls Biznesu article.
"Experts' fears that the row over the Panama Canal will result in higher transport fees are clashing with hopes that it will be cheaper after the eventual US takeover. One thing is certain: Europe will feel the effects."
Logistics industry experts are concerned that disputes around the Panama Canal could drive up transport fees, although some hope that the US taking control will reduce costs. Disruptions to crossings such as the Panama and Suez Canals have a huge impact on global supply chains. Access to strategic sea lanes is a key resource for international trade, as seen in the route from New York to San Francisco, which is being shortened by 14,000 km thanks to the canal.
A possible change of jurisdiction over the canal from Panama to the US would have significant implications for the US, China and Latin American countries. Grażyna Jaworska of J.Dauman Logistics warns that toll increases or congestion could affect the global delivery schedule and force companies to choose alternative routes. In turn, Krzysztof Gogol of Polish Shipping notes that high crossing costs, especially for large container ships, are reflected in the prices of goods paid by consumers.
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https://www.pb.pl/logistycy-boja-sie-zawirowan-w-zegludze-1234329
