'Since the start of July, Panama Canal bulker transits have fallen 22% y/y. Bulkers have faced increased competition for transit slots from other sectors, especially tankers, as the US has boosted energy exports to Asia. El Niño is also expected to lead to lower water levels, which mean transit restrictions and thus heightened competition for available capacity,” says Filipe Gouveia, Shipping Analysis Manager at BIMCO…
Ivory Coast has sold about 1 million metric tons of cocoa in export contracts for the 2026-27 main crop, but has started to slow sales due to concerns about the impact of a looming El Nino weather pattern on output, four sources told Reuters…
