At Centersource Technologies AB we are committed to the highest standards of ethical research and data integrity, guided by the ESOMAR Code of Conduct. Our data is sourced from a limited, anonymous market survey conducted with trusted and established industry participants. The insights derived from this survey reflect aggregated finalized prices as well as observed prices reported within the participants respective markets, with a focus on the highest prices recorded during the first two weeks of each month. These insights are provided for informational purposes only and are intended to indicate market trends rather than serve as comprehensive or fully representative market data.
In adherence to ESOMAR's principles, we ensure that all data collection and analysis are conducted with transparency, respect for confidentiality, and strict compliance with ethical guidelines:
- Data Sourcing and Methodology:
We exclusively use data from government, customs, or government-affiliated websites to maintain reliability and public integrity. In addition, we engage directly with industry experts to gather real-time, firsthand information. Each data point is collected, verified, and aggregated following established ethical standards, ensuring that our research processes meet the rigor recommended by ESOMAR. - Transparency and Accuracy:
All data are published promptly as they become available from the source, ensuring that our insights remain current and reflective of on-ground market dynamics. We actively seek and incorporate regular feedback from industry experts, which allows us to make real-time adjustments and continuously improve the accuracy and reliability of our data. - Ethical Data Usage and Third-Party Material:
Our adherence to the ESOMAR Code of Conduct underscores our commitment to ethical research practices. We maintain strict controls over data sharing and usage; copying or distributing our data is prohibited under our company policy. Furthermore, all necessary agreements are in place for any third-party material used, ensuring full compliance with copyright laws and industry best practices. - Limitation of Liability:
While we strive to provide high-quality, timely market insights, the data is derived from a limited sample and should be interpreted within that context. We are not liable for any damages arising from the use of this data, as it is provided solely for informational purposes and as a directional indicator of market trends.
By integrating ESOMAR's ethical guidelines into our research methodology, we ensure that our practices are transparent, respectful of data confidentiality, and aligned with internationally recognized standards. This commitment not only reinforces the credibility of our insights but also builds trust with our stakeholders and industry partners.
Panama Canal imposed shipping restrictions to survive worsening drought
Posted on May 29, 2023 |
Water levels have sunk at the canal due to extreme drought, pushing container vessels to reduce their cargo and pay higher fees, and this summer, the cost of shipping cargo is likely to increase
The biggest vessels will have to decline their drafts, cutting the weight of their cargoes as of May 24, after another decrease that kicks in on May 29.
Some bigger ocean carriers declared new fees for goods shipped on the route as of June 1.
These measures are likely to delay and increase costs for goods that are shipped via the canal.
The canal unites the Atlantic and Pacific oceans, and it has been struggling with water supply shortages since 2016.
From February-April, rainfall was down 50% of normal for the canal and the lakes that feed it, the lowest level in 2 decades.
Water levels in Lake Gatun are predicted to hit historic lows by July, delaying ships’ drafts.
From May 24, Neo-Panamax vessels will draft up to 44.5 feet, down from a restricted 45 feet, which will decline again to 44 feet on May 30.
At least 4 ocean carriers imposed container fees between $300 and $500 per box effective June 1.