The Panama Canal is drying up

The Panama Canal is drying up

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The World Faces a $270 Billion Traffic Jam in Panama
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The Panama Canal moves roughly $270 billion dollars worth of cargo annually – it’s the trade route taken by 40% of all US container traffic alone. But the crucial waterway is contending with a crippling drought, worsened by climate change and infrastructure constraints. Water lev ...  Show more

Drought causes headaches for Panama Canal
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Some of private equity’s biggest names are handing over companies they own to the lending arms of rivals, and Iran is dealing with the consequences of ultra-cheap petrol. Plus, the FT’s Christine Murray explains how the shipping industry is dealing with a severe drought that’s ...

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Disruption and drought in the Panama Canal
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The important shipping route runs for 82 km through Central America, connecting the Atlantic and Pacific Oceans.But a long period of dry weather means the water in the canal is very low, reducing the number of boats that can travel though.We travel to Panama to look at the impact ...  Show more

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