The Panama Canal has suffered its worst ever drought, with shipping delays to east of the United States averaging 15-19 days
Release time:
2023-08-16
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The Panama Canal, one of the world’s major shipping arteries, is suffering from an unprecedented drought since records began in 1950, according to one shipping, figures show that in the first week of August, the average delay per ship in the Panama Canal has been as high as 15 to 19 days!
The severe drought has forced the Panama Canal to introduce shipping restrictions that not only mean container ships will have to load less and pay more to pass through the canal, but the cost of transporting goods through the canal is expected to rise further this summer, and cargo may also face delays.
The severe drought has forced the Panama Canal to introduce shipping restrictions that not only mean container ships will have to load less and pay more to pass through the canal, but the cost of transporting goods through the canal is expected to rise further this summer, and cargo may also face delays.