Panama Canal foresees its income falling after shipping limited due to a drought
A cargo ship sails toward the Pacific Ocean after its transit though the Panama Canal, as seen from Panama City, Thursday, Aug. 3, 2023. The Panama Canal Authority said it is limiting traffic to 32 daily ship transits through the canal after months of drought and expect less income in 2024 due to the ongoing water crisis. (AP Photo/Arnulfo Franco)
The managers of the Panama Canal say they expect income from the waterway to drop, after authorities were forced to limit the number of ships passing through each to 32 due to a lack of rainfall. The canal's administrator said Thursday income in 2024 could drop by as much as $200 million because of the drought...
CONTINUE READING THIS ARTICLE
You have read all of your free articles this month. Select a plan below to start your subscription today.
Already a subscriber? Login
