How One Stuck Ship Can Upset a Whole Supply Chain

Just one boat and one waterway, still, the Suez Canal blockage from a wedged in container ship affected the global supply chain.

The Beginning of Terminal Gridlock

As cargo ships become larger, the supply chain benefits of their economies of scale are offset by the externalities they create at ports and beyond.

Our Weekly Roundup: From the Invisible Hand to Invisible People

Today’s weekly roundup includes the everyday economics of invisibles like the cost of tariffs, the market, certain jobs, measures and the impact of a canal.

How the New Panama Canal Affects Us

When larger vessels use a wider, deeper Panama Canal, they will create economies of scale and shift the invisible lines that show worldwide supply chains.

The Huge Impact of the Panama Canal Delay

The Panama Canal’s renovation was supposed to be done at the end of next year. However, the locks contracting group now is saying that the work is $1.6 billion more expensive than they expected–around 50% more– and they want extra…

High and Low Notes in Panama

By Mira Korber, guest blogger. As the Panama City skyline emerged from my misty Wednesday morning flight window, I must say the view was impressive. A snaking coast boasts skyscraper after skyscraper, each seeming to outdo the previous in height and…

Panamá’s Economic Puzzle

By Mira Korber, guest blogger. Just two days ago I bought a plane ticket to Panamá City International Airport in Tocumen. I will be participating in a classical music festival there, somewhat ironically studying music from centuries past as brand-new…

Supership Problems

When is a supership a problem? When the water is not deep enough or the Bayonne Bridge is not high enough. To understand the Bayonne Bridge problem (and care about the answer), we have to look back to August 1914…