Drought Forces Panama Canal to Reduce Container Loads
The Panama Canal is going through its driest spell in more than a century, and an extended lack of rainfall could saddle global supply chains with delays and higher fees to move cargo. Brazilian meat, Chilean wines and bananas from Ecuador are routinely shipped across the canal. The isthmus connects the Atlantic and Pacific oceans and handles about one-third of Asia-to-Americas seaborne trade. Read more here.