Focus: Historic drought, hot seas slow Panama Canal shipping (www.reuters.com)

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The Panama Canal Authority has reduced maximum ship weights and daily ship crossings in a bid to conserve water. Maritime transportation experts fear such events could become the new normal as rainfall deficits in the world's fifth-wettest country spotlight climate risks affecting the ocean shipping industry that moves 80% of global trade.

Ship owners have the options of carrying less cargo, shifting to alternate routes that can add thousands of miles to the trip or grappling with queues that earlier this month backed up 160 vessels and delayed some ships by as much as 21 days.

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this post was submitted on 21 Aug 2023

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