Panama Canal to cap ship transits due to El Nino drought
AI Summary
Due to low rainfall amid an intensifying El Nino event, the Panama Canal will limit daily ship transits starting in September. This decision reflects drought’s impact on global shipping routes and commodity logistics.
Panama Canal will cut daily transits of ships from September because of low rainfall and amid an intensifying El Nino event.
World Commodities Shipping Panama Canal El Nino ship transits drought global shipping commodity logistics