El Niño returns to squeeze Panama Canal capacity
AI Summary
The El Niño weather phenomenon has returned, reducing Panama Canal capacity by lowering ship draught limits. Analysts estimate that a 10cm reduction in draught could cost Asia-US East Coast carriers approximately 100 containers per shipping voyage.
Analysts estimate each 10cm draught reduction could cost Asia–US East Coast carriers around 100 containers per sailing.
World Commodities Shipping El Niño Panama Canal shipping capacity container shipping Asia-US trade ship draught maritime logistics