Panama Canal to Reduce Daily Transits Due to El Nino
The Panama Canal authority is cutting daily transits from 40 to 32 vessels starting September 15 due to extreme El Nino conditions, risking slower shipping and higher costs.
- Panama Canal is cutting daily transits from 40 to 32 vessels.
- The transit reductions begin by September 15.
- Extreme El Nino conditions are driving the water level and transit restrictions.