Panama Canal to reduce shipping over El Nino-fueled drought

🌐 The Japan Times (PA) —

AI Summary

The Panama Canal will reduce the number of vessels allowed daily from 36 to 34 starting September 3, with further reduction to 32 vessels from September 15, due to drought conditions exacerbated by El Niño. This will impact global shipping and trade logistics.

From Sept. 3, the number of vessels allowed through each day will fall from 36 to 34, before dropping further to 32 from Sept. 15 onward.

World Markets Commodities Shipping Panama Canal vessel traffic reduction El Niño drought shipping limits trade impact

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