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Alex Cooper suffers major business blow amid year of backlash: report

NY Post
1 month 4 weeks ago
Cooper's drink brand, Unwell Beverages, is shutting down after less than two years in business.
mliss1578

Alex Cooper suffers major business blow amid year of backlash: report

NY Post
1 month 4 weeks ago
Cooper's drink brand, Unwell Beverages, is shutting down after less than two years in business.
Amanda Rubio

Polymarket promo code NYPMAX1: Deposit $10, get $20 for Broncos vs. Falcons

NY Post
1 month 4 weeks ago
Deposit $10, and get $20 trading bonus with Polymarket promo code NYPMAX1.
Michael Leboff

Why did Jets’ Qwan’tez Stiggers pass out during practice? | The Injury Report

NY Post
1 month 4 weeks ago
Matthew Apicella, DO, a Sports Medicine Physician from NYU Langone joins Dexter Henry for the weekly Injury Report segment to discuss Qwan’tez Stiggers’ recovery from a concussion after the veteran cornerback lost consciousness during one of the Jets’ joint practice sessions with the Buccaneers. Full video: https://youtu.be/ZVbANNPYMJ0
NY Post Video

Luigi Mangione only deserves contempt for the evil murder of Brian Thompson

NY Post
1 month 4 weeks ago
Even if Luigi's pathetic excuse for a critique of “the system” made the least bit of sense, killing Brian Thompson was never going to change a damn thing beyond robbing his family of this husband and father.
Post Editorial Board

Viral videos of NFL star QBs and WAGs aren’t what you think after Justin Herbert, Joe Burrow make scenes

NY Post
1 month 4 weeks ago
Turns out the NFL hasn't moved on from AstroTurf after all.
Allie Kaylor

Trump shrugs off concerns about conditions on USS Abraham Lincoln, says deployment has been ‘not nearly long enough’

NY Post
1 month 4 weeks ago
President Trump dismissed family worries over the USS Abraham Lincoln's grueling 8-month deployment, claiming it has "not nearly" been long enough.
Emily Goodin

Unfazed husky goes head to head with robot dog

NY Post
1 month 4 weeks ago
A curious Siberian husky picked a playful fight with a robot dog at a park in Jiangsu, China.
New York Post Video

Famed Big Bear bald eagle returns to nest with new bird just 3 days after partner Jackie’s death

NY Post
1 month 4 weeks ago
Shadow the bald eagle isn’t exactly taking his sweet time getting back in the dating game after the death of his partner Jackie.
Erica Andrews

Brave widow of slain UnitedHealthcare boss Brian Thompson come face to face with Luigi Mangione for first time

NY Post
1 month 4 weeks ago
The family put out a statement saying, "Today’s guilty plea marks an important step toward justice for Brian and for our family."
Kyle Schnitzer, Natalie O'Neill

Giants to host 2028 MLB All-Star Game despite Summer Olympics controversy

NY Post
1 month 4 weeks ago
With the 2028 Summer Olympics set to take place in Los Angeles, Major League Baseball announced the 2028 MLB-All Star Game will be taking place a few hours north at Oracle Park in San Francisco. The news of the Midsummer Classic returning to San Francisco for the first time since 2007 comes in the midst...
Thomas L. Murray

Panama Canal Fees Hit Record As El Nino, Hormuz Crisis Choke Global Shipping

Zero Rss
1 month 4 weeks ago
Panama Canal Fees Hit Record As El Nino, Hormuz Crisis Choke Global Shipping

Panama Canal transit auction prices have surged to record highs this summer as an intensifying El Niño and disruptions in the Strait of Hormuz upend global shipping routes. 

A Bloomberg report Friday morning said a supertanker paid a record $4.6 million at auction to bypass the growing queue and secure an earlier transit slot next week. The spike in canal fees and vessel wait times threatens to further raise freight costs, reinforcing growing concerns about inflationary pressures across global supply chains.

Daily auctions for August passage through the canal's busiest locks have averaged about $1.1 million, more than 16 times the average during the same period last year, according to the Financial Times, citing Argus Media. Recent auctions for the larger locks averaged a record $2.5 million. 

Bloomberg said that the liquefied petroleum gas supertanker G. Arete paid a staggering $4.6 million to skip the line, topping an earlier auction this week that exceeded $4 million.

At the same time, the Hormuz chokepoint disruption has pushed Asian buyers toward crude oil and petroleum products at major US export terminals in the Gulf of America, increasing demand for canal passage. Meanwhile, falling canal water levels linked to intensifying El Niño weather conditions, such as drought and limited rainfall, are constraining traffic, which are the main drivers behind rising transit costs. 

"The problem right now is the water levels are dropping steadily, and it's not supposed to be doing that from May to December," said Ross Griffith, head of Americas freight pricing at Argus, who the FT quoted. This year's El Niño has already disrupted marine traffic on European rivers such as the Rhine and Danube, leading to cruise cancellations and freight rerouting.

More color from the FT:

The Panama Canal Authority told the FT that some vessels that recently transited have paid amounts exceeding $1mn at auction to meet their specific market needs and reflected "temporary market fluctuations", not a tariff set by the Panama Canal.

"The announced draft adjustments will not reduce the number of daily vessel transits," an authority spokesperson said. But depending on how conditions change, the authority could impose further restrictions, the spokesperson added.

Parash Jain, managing director and HSBC's global head of transport and logistics research, told clients earlier this week that concerns are mounting that other key waterways around the world are also facing lower water levels, constraining shipping:

El Niño increases both drought and flood risks by shifting rainfall patterns, accelerating evaporation, and lowering river levels at key gateways such as the Panama Canal and Rhine River, while creating floods in Asia and South America, reducing harvests. Authorities respond with draught limits, caps on daily transits, and tighter slot availability, which forces vessels to load less, wait longer, or split cargoes, thus reducing effective capacity and supporting freight rates. Indeed, from 26 August, The Panama Canal Authority is lowering the maximum draft for the largest vessels transiting the canal, preparing for El Niño (6 August, Maritime Executive).

The strengthening El Niño episode poses risks well beyond shipping. As major institutional desks have warned, drought, flooding and disrupted harvests could tighten agricultural supplies and place renewed upward pressure on global food prices

Tyler Durden Fri, 08/14/2026 - 13:20
Tyler Durden

Halle Berry celebrates 60th birthday in nothing but a silky robe

NY Post
1 month 4 weeks ago
She's taking her birthday suit to a new level, lounging in nothing but a robe while on vacation with fiancé Van Hunt.
mliss1578

Halle Berry celebrates 60th birthday in nothing but a silky robe

NY Post
1 month 4 weeks ago
She's taking her birthday suit to a new level, lounging in nothing but a robe while on vacation with fiancé Van Hunt.
Avery Matera

Feds probe $100M anti-Israel ‘war chest’ tied to glamorous Mamdani ally: sources

NY Post
1 month 4 weeks ago
The Mamdani ally is a former Al Jazeera staffer and Booz Allen Hamilton consultant who has regularly forked out to the campaigns of Israel-bashing Congresswoman Rashida Tlaib (D-Mich).
James Franey

Luigi Mangione reveals he posed as investor to UnitedHealthcare as part of sick murder scheme

NY Post
1 month 4 weeks ago
Admitted killer Luigi Mangione revealed Friday that he posed as an investor to United Healthcare as part of his sick murder scheme.
Ben Kochman, Kyle Schnitzer, Matt Troutman

Lindsay Clancy made disturbing Google searches, including ‘how to slit throat to die,’ before killing her 3 kids

NY Post
1 month 4 weeks ago
Lindsay Clancy made a series of disturbing Google searches – including “How to slit throat to die” – in the days and weeks leading up to the grisly murders of her three children, bombshell testimony revealed this week.
Georgia Worrell, Priscilla DeGregory

NYC Council Speaker Julie Menin backs away from e-bike registration despite pressure

NY Post
1 month 4 weeks ago
Speaker Julie Menin's e-bike crackdown won't require registration -- even though she previously supported the measure that safety advocates say would hold out-of-control riders accountable.
Haley Brown

Columbia washes hands of $96M Manhattanville regeneration fund after decades of mismanagement

NY Post
1 month 4 weeks ago
The West Harlem Development Corporation has still to create a strategic plan for spending $76 million in community development grants from Columbia University
Isabel Vincent

Mamdani’s pied-à-terre tax has a winner — Greenwich, CT, where condos just hit $12M for the first time ever

NY Post
1 month 4 weeks ago
For the first time in Greenwich history, condos are selling for as much as $12 million, blowing past the town’s previous record condo sale of $6.75 million by nearly 50 percent. The prices are coming out of Chilston Court, a new luxury development in downtown Greenwich from Caspi Development, the team behind Tribeca’s celebrity-favorite hotel...
Mary K. Jacob

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