Ships Take Long Way Around as Drought Snarls Panama Canal
AI Summary
Drought-related restrictions on the Panama Canal are prompting ships to take longer routes around South America. Traffic through the Strait of Magellan rose more than 70% year over year in both August and September, according to Chilean Navy data.
Maritime traffic through the Strait of Magellan jumped more than 70% both in August and September from year-ago levels as ships diverted from the drought-stricken Panama Canal, Chilean Navy data requested by Bloomberg show.
World Commodities Shipping Panama Canal drought maritime traffic Strait of Magellan ship diversions Chile