{"id":75196,"date":"2023-11-29T00:00:00","date_gmt":"2023-11-29T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2023\/11\/29\/panama-canal-holds-first-auction-for-queue-jumping-the-us-isnt-happy-with-turkeys-exports-to-russia\/"},"modified":"2023-11-29T00:00:00","modified_gmt":"2023-11-29T00:00:00","slug":"panama-canal-holds-first-auction-for-queue-jumping-the-us-isnt-happy-with-turkeys-exports-to-russia","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2023\/11\/29\/panama-canal-holds-first-auction-for-queue-jumping-the-us-isnt-happy-with-turkeys-exports-to-russia\/","title":{"rendered":"Panama canal holds first auction for queue jumping + The US isn\u2019t happy with Turkey\u2019s exports to Russia"},"content":{"rendered":"

The <\/strong>Panama Canal Authority (ACP) is holding auctions for vessels looking to jump <\/strong>the queue<\/strong> to transit the congested waterway<\/strong>, with the base price for the first auction set at USD 55k and the awarded bid worth USD 1.1 mn, reports Seatrade Maritime<\/a>. For a vessel to qualify to bid it needs to have arrived in Panamanian waters, without a prior reservation, before 17 November, according to a statement<\/a>. ACP says the auction will be announced three days before the transit date and will be held two days prior. ACP has released an application form<\/a> for waiting vessels to register their bids. Bidding will be available to regular vessels and Panamax vessels that have been in the queue for at least 10 days.<\/p>\n

Background:<\/strong> The Panama canal has placed significant limits on vessels transiting the waterway due to a drought decreasing its water levels, which has caused a growing queue of vessels. The sale of slots to transit the canal have netted USD 235 mn from shipping companies in 2023, Bloomberg<\/a> reports.<\/p>\n

The news got a lot of ink in<\/strong>the press:<\/strong>Bloomberg<\/a> | Business Insider<\/a> | Maritime Executive<\/a> | Reuters<\/a> | Port News<\/a> | Trade Winds<\/a>. <\/p>\n

The US and its allies are concerned over the increase in <\/strong>Turkey\u2019s military-linked exports to <\/strong>Russia<\/strong>, which have reportedly soared in 2023, the Financial Times<\/a> reports. US Treasury under-secretary for terrorism and financial intelligence Brian Nelson is set to visit Istanbul and Ankara this coming week to discuss \u201cefforts to prevent, disrupt and investigate trade and financial activity that benefits the Russian efforts in its war against Ukraine.\u201d Turkey\u2019s exports to Russia reached USD 158 mn in 45 goods that the US regards as \u201chigh-priority\u201d in the first nine months of 2023. The 45 categories of dual-used goods include communication equipment, microchips, and telescopic sights.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Panama Canal Authority (ACP) is holding auctions for vessels looking to jump the queue to transit the congested waterway, with the base price for the first auction set at USD 55k and the awarded bid worth USD 1.1 mn, reports Seatrade Maritime. For a vessel to qualify to bid it needs to have arrived […]<\/p>\n","protected":false},"author":1,"featured_media":75197,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[149],"tags":[148,17,123],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-75196","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-around-the-world","tag-around-the-world","tag-enterprise-logistics","tag-shipping-maritime","wpautop","entry"],"acf":{"mongo_id":"f44680e4-f92e-46f8-852e-403a2bd8af99","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/11\/1587.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Panama canal holds first auction for queue jumping + The US isn\u2019t happy with Turkey\u2019s exports to Russia","related_issue":[75180],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/11\/.fdb08e48-91bf-4f21-bba9-81a12527307f.mp3"},"yoast_head":"\nPanama canal holds first auction for queue jumping + The US isn\u2019t happy with Turkey\u2019s exports to Russia - Logistics<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/logistics\/2023\/11\/29\/panama-canal-holds-first-auction-for-queue-jumping-the-us-isnt-happy-with-turkeys-exports-to-russia\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Panama canal holds first auction for queue jumping + The US isn\u2019t happy with Turkey\u2019s exports to Russia\" \/>\n<meta property=\"og:description\" content=\"The Panama Canal Authority (ACP) is holding auctions for vessels looking to jump the queue to transit the congested waterway, with the base price for the first auction set at USD 55k and the awarded bid worth USD 1.1 mn, reports Seatrade Maritime. 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