Panama Canal to trim daily shipping slots due to El Niño
AI Summary
The Panama Canal will reduce the number of daily shipping slots available this fall due to concerns over drought conditions linked to the El Niño weather event. The move aims to manage water levels to ensure continued safe operation of the canal.
Concerns over drought from the weather event is pushing the canal to limit how many vessels traverse the waterway this fall.
World Commodities Shipping Panama Canal El Niño drought shipping slots water management logistics global trade