Get access to our best features
Get Started
Subscribe
Israel-Hamas Conflict
Tornado
US Politics
Baseball
NFL
2024 US Election
Donald Trump
Joe Biden
Republican Party
US Economy
US Social Issues
David Pecker
Columbia University
Get access to our best features
Get Started
Published 3 months ago

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

  • The severe drought in Panama has caused authorities to reduce ship crossings in the Panama Canal by 36%.
  • The drought is estimated to cost the canal between $500 million and $700 million in 2024, exceeding previous estimates of $200 million.
  • The drought has disrupted the canal's operations, creating a traffic jam of boats, raising concerns about its reliability for international shipping, and impacting global trade.
Insights by Ground AI
Does this summary seem wrong?

0 Articles

All
Left
Center
Right
Associated Press NewsAssociated Press News

Traffic through the Panama Canal is being slashed because of drought, disrupting global trade

PANAMA CITY — 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

3 months ago·United States
Read Full Article
abc Newsabc News

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

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

3 months ago·United States
Read Full Article
KRDOKRDO

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

Associated Press 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 administrators now estimate that dipping water levels could cost them between $500 million and $700 million in 2024,…

3 months ago·Colorado Springs, United States
Read Full Article
KIFIKIFI

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

Associated Press 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 administrators now estimate that dipping water levels could cost them between $500 million and $700 million in 2024,…

3 months ago·Idaho Falls, United States
Read Full Article
GloboGlobo

Drought is expected to reduce Panama Canal revenues by up to R$ 3.4 billion

Nos primeiros três meses do atual ano fiscal, houve 791 trânsitos a menos e 20% menos carga passou pelo canal em comparação com o mesmo período do ano anterior. O Canal do Panamá prevê uma redução de até US$ 700 milhões (R$ 3,45 bilhões) nas receitas de pedágio em função das restrições de tráfego de navios implementadas devido à seca, anunciou nesta quarta-feira (17) o administrador da via navegável, Ricaurte Vásquez. Leia mais: SpaceX adia para…

3 months ago·Brazil
Read Full Article
KVIAKVIA

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

Associated Press 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 administrators now estimate that dipping water levels could cost them between $500 million and $700 million in 2024,…

3 months ago·Panama City, United States
Read Full Article
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 52% of the sources are Center
52% Center
Factuality

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

Sources are mostly out of (0)

Similar News Topics

BusinessBusiness
TradeTrade
Panama EconomyPanama Economy
EconomyEconomy
Latin AmericaLatin America
DroughtDrought
PanamaPanama
Trending Topics
Ground News logo
US
App Store IconPlay Store Icon
CompanyAboutHistoryMissionBlogTestimonialsGroup SubscriptionsSubscribeGiftFree TrialCareersAffiliates
HelpHelp CenterFAQContact UsFor Educators/LibrariesMedia Bias RatingsOwnership and Factuality RatingsReferral CodeNews SourcesTopics
ToolsAppBrowser ExtensionDaily NewsletterBlindspot Report NewsletterBurst Your Bubble Newsletter
DonatePrivacy PolicyManage CookiesTerms and Conditions
© 2024 Snapwise Inc.
News
For You
Search
BlindspotLocal