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Surcharges and Delays for Shippers as Panama Canal Restricts Capacity
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Overview
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Shippers face surcharges and delays as the Panama Canal restricts capacity and imposes quotas due to climate change-induced drought. The canal authority has further reduced ship crossings and implemented measures to save water. These disruptions are expected to continue for at least another year.
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How are other industries in Panama being affected by the reduced water levels?
How are shippers adapting to the increased surcharges and transit issues?
What are the potential long-term effects of the climate change-induced drought on the Panama Canal and global trade?
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