Panama Canal runs dry, another crisis for global trade - Breaking news. The drought that has been continuing for months due to the El Niño climate phenomenon continues to limit transit capacity in the Panama Canal.
A further impact on global foreign trade already in crisis due to Houthi attacks against merchant ships in the Red Sea. If the climatic conditions do not improve the risk is that of having to further reduce daily transit to a minimum of 18 ships compared to the current 24 and the 32 of 2023 with losses estimated between 500 and 700 million dollars in 2024.