Relo NewsBits

Photo: Ship crossing Panama Canal at Miraflores Locks - Panama City, Panama (123RF.com)

Panama Canal no reservation wait times surge in November

UPDATE #2
11/30/2023

As reported in last Update, the Panama Canal Authority (ACP) has currently maintained the same plan over the next several months with reduced reservation slots dropping down to a low of 18 daily by February 1. However, FreightWaves is now reporting that with the continued traffic to the canal (avoiding diverted routes) the average wait time for ships without a reservation has risen dramatically from 2.1 days on November 1 to 11.4 as of Wednesday this week for southbound transits. (More at: FreightWaves, “No Reservation at Panama Canal? Prepare for a long wait” Greg Miller, 11/29/2023)

Photo: Container Ship Mumbai Maersk (Wikimedia Commons, USA public domain)

Mumbai Maersk sets new Felixstowe record

11/29/2023

Recently arriving on 11 November at Hutchison Ports Port of Felixstowe (largest UK container port), the container mega-vessel Mumbai Maersk set a new a record for the deepest draft at that port. Originating from Bremerhaven, Germany, the draft measured at 16.8 metres on arrival and 17 metres at departure. Only weeks before the port completed a major project that increased the depth of the approach channel and two berths. (More at Container News, “Mumbai Maersk sets new draft record at Port of Felixstowe,” 11/16/2023)

Read MoreRead More
Photo: Soo Locks, St. Mary’s River, connecting Lake Superior and Lake Huron

Great Lakes-St. Lawrence Seaway

POINT OF INTEREST
11/28/2023
  • 16 locks to lift/lower ships 600 ft. (60 Stories)
  • Supports 237,000 jobs
  • Third largest collective economy in the world
  • $6 Trillion combined regional GDP
SEE VIDEO
Read MoreRead More
U.S. Navy Destroyer USS Mason (Photo: Wikimedia Commons, USA public domain)

Three Israel-linked ships attacked, one vessel diverts

11/27/2023

This past weekend, the Central Park tanker, after ignoring an initial threat (by Yemen’s Houthi rebels) was attacked by five Somali pirates but was rescued by the U.S. Navy destroyer USS Mason. After this and two other recent attacks on ships in the region, the container vessel Zim Europe reversed course on Saturday in the Mediterranean to avoid its original route through the Suez Canal and set a 56% longer course around the Cape of Good Hope to Port Klang, Malaysia. (See more at FreightWaves, “Zim Container ships divert as threat to Israel-linked vessels mounts” by Greg Miller, 11/27/2023)

Read MoreRead More
Photo: Herma P locking east bound Panama Canal 2016 (Paul Harrison, CC BY-SA 4.0 <https://creativecommons.org/licenses/by-sa/4.0>, via Wikimedia Commons)

Panama Canal has driest October in 73 years

UPDATE
11/08/2023

With the regional rainy season expected to end by about mid-December, the Panama Canal experienced an extremely low amount of rain, 41% less than normal for the month of October. This resulted in a historic low water level in Gatun Lake. In order to maintain a competitive depth for ship drafts, the Canal announced new operational measures including a substantial decrease in reservation slots. Recently, the daily transits reservation slots were lowered to 32, but now will be on a reduction schedule to further lower the slots over the next few months reaching down to 18 on February 1. (More at Panama Canal website, https://pancanal.com, press room-News, “The driest month of October since 1950” 10-31-2023)

Read MoreRead More
Photo: View of Ashdod seaport situated on Mediterranean sea in Israel (123RF.com)

Port Ashdod, Israel remains open amid rocket warnings

10/25/2023

Reuters reports today the Israeli Port of Ashdod remains open amid intermittent halt of operations “when wailing sirens warn of incoming rockets from Gaza.” Some ships have decided to divert to the port of Haifa in northern Israel resulting in a current 30% drop in port volume. (See more at Reuters, “Israel’s Ashdod port toils under shadow of rockets” by Jonathan Saul, 10/25/2023)

Read MoreRead More
(Photo: 123RF.com)

Relocating? Experts Explain Trend on Housing Prices

10/24/2023

Despite the continued increase in mortgage rates, the median home prices in the U.S. have also climbed almost 3% since a year ago September. While a correction was anticipated as the housing market began to slow down late last year, home values have remained fairly steady with no concerns of a market crash and even expectations of continued rising prices in 2024. Experts explain five reasons for this housing market environment. (See more at yahoo!finance, “Is the housing market going to crash? What experts are saying” Jeff Ostrowski, 10/21/2023)

Read MoreRead More
View Archive

INDUSTRY SPOTLIGHT

ReloPricing™ & PRISMgmt™ Technologies

ReloPricing ™   - A Pricing/Distribution/Booking Management System for International and Domestic HHG shipments

PRISMgmt ™   - A Move Management, Audit and Billing System to accelerate data efficiency and accuracy

ReloPricing and PRISMgmt, whether combined or on their own, provide feature-rich solutions to long-standing friction points in the HHG industry. This technology improves the digital experience for the RMC and supplier network, providing greater service delivery to the relocation client and their employee.

LEARN MOREDownload PDF

WHITE PAPERS & RELOINSIGHTS

View Archive

press releases

April 19, 2023

Parsifal 2023 Achievement – New Positions & Retirement

February 15, 2023

Parsifal Team Maintains Impressive Tenure in 2022

May 4, 2022

Parsifal Introduces ecolegIT, A Technology for Relocation CO2 Offset

February 24, 2022

2021 Employee Team Achieves Outstanding Tenure at Parsifal

February 1, 2022

Parsifal Presents New Technology-ReloPricing™ and PRISMgmt™

March 23, 2021

Parsifal 40 Year Anniversary

November 12, 2020

SurvAi ™ Unveiled by Parsifal Corporation

November 14, 2019

Parsifal Launches New Website

October 10, 2019

Parsifal Exhibiting ERC 2019

September 24, 2019

Parsifal Moves Data Center

June 19, 2019

Parsifal Exhibiting - SHRM19 Las Vegas

View Archive

resource center

Stay up-to-date with the latest industry standards and guidelines. Please feel free to download the PDF's below:

Subscribe to our Relo NewsBits

Parsifal's Relocation Industry News and Updates Newsletter