Environment · World
Panama Canal Faces New Transit Cuts Amid Severe Drought
The Panama Canal is implementing further transit restrictions due to a severe drought, exacerbated by the El Niño weather phenomenon. Water levels in the Gatun and Alajuela lakes, which supply the canal's locks, have dropped significantly. This situation has led to a bidding war among shipping companies for limited transit slots. The canal's new leadership is tasked with managing these challenges.
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- Centre (3): Financial Times, The Japan Times, The Wall Street Journal