Wednesday, November 01, 2023

Panama Canal cuts ship numbers further

Panama Canal cuts ship numbers further

The Panama Canal will make more cuts to the number of ships using the waterway due to the worst drought in over 70 years, authorities say.

The Panama Canal Authority (ACP) says it has been forced to make the decision due to the driest October since records began in 1950.

The El Niño weather phenomenon has contributed to the severe drought, the ACP says.

It is expected to increase the cost of shipping goods around the world.

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