Panama Canal Issues 2024. Two giant canals carry an enormous amount of global shipping, and both of those routes are now at some risk. In the first two months of 2024, suez canal trade dropped by 50 percent from a year earlier while trade through the panama canal fell by 32 percent, disrupting.
Panama canal administrator ricaurte vasquez now estimates that dipping water levels could cost them between $500 million us and $700 million us in 2024,. April 23, 2024 at 4:00 am pdt.
The Extreme Drought, Exacerbated By An Ongoing El Niño That Is Affecting Gatún Lake And The Whole Region Appears Likely To Last Into May.
A record $4mn was paid by ships to skip the queue at its worst last year.
Attacks From A Group In Yemen Have Disrupted Traffic.
1 “a freightful time for container ships,” financial times, january 4, 2024.
An Extreme Drought In Panama Is Forcing Authorities To Substantially Scale Back Shipping Through The Panama Canal, One Of The World’s Key.
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Panama City (Ap) — A Severe Drought That Began Last Year Has Forced Authorities To Slash Ship Crossings By 36% In The Panama Canal, One Of The World's Most.
The drought challenges facing the canal will deepen as the el nino effect in the first six months of next year lowers the water levels and extends waiting times.
The Panama Canal Authority (Pca) Has Been Taking Measures To Try To Mitigate The Effect Of The Low Tides, And Announced That From November 1, The Average.
In the first two months of 2024, suez canal trade dropped by 50 percent from a year earlier while trade through the panama canal fell by 32 percent, disrupting.
