Tuesday, March 12, 2024

UNFORESEEN SHOCKS: Both Crises @ Panama and Suez Canals Simultaneously

  

Mar 11, 2024
Costas Paris, senior reporter at The Wall Street Journal, joins CBS News to explain what the slowdowns mean for the world.
Costas Paris

Costas Paris

Senior Reporter, The Wall Street Journal

Costas Paris is a senior reporter for The Wall Street Journal covering global shipping, trade and supply chains, based in New York. A 20-year veteran with Dow Jones, Costas worked in Thailand as Asia’s features editor, in Singapore as Southeast Asia bureau chief and in London and Athens covering the European Union and the International Monetary Fund. 

He previously worked for Reuters, covering the Balkan wars of the 1990s. Costas won a William R. Clabby award in 2011 for breaking news on Singapore and the Greek debt crisis, and a Seahorse Freight Association award in 2022 for his coverage of global supply chains.

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Nearly 20% of global trade goes through two canals and both are in crisis. Attacks from the Houthis have slowed Suez Canal traffic, and in Panama, climate is the culprit.


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