EconomyPanama canal traffic to be cut again as El Niño drought worsens
The Panama Canal plans to reduce daily ship transits again as drought linked to El Niño worsens. A draft plan would limit traffic to an average of 29.5 vessels a day from October, 18% below August levels. Congestion and bids to skip the queue have increased costs for shipping companies.
Panama canal traffic to be cut again as El Niño drought worsens
Economy