"Severe Drought Cuts Panama Canal Traffic by 36%, Disrupting Global Trade and Forecasting Economic Losses Up To $700m"

A drought has forced authorities to further slash traffic in Panama Canal, disrupting global trade

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 important trade routes. 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 important trade routes. The new cuts announced Wednesday by authorities in Panama are set to deal an even greater economic blow than previously expected. Canal admi...