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Traffic through Panama Canal cut due to drought, disrupting global trade

Por: MarketWatch Business January 18, 2024

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Canal administrators now estimate that dipping water levels could cost them between $500 million and $700 million in 2024, compared to previous estimates of $200 million. One of the most severe droughts to ever hit the Central American nation has stirred chaos in the 50-mile maritime route, causing a traffic jam of boats, casting doubts on the canal’s reliability for international shipping and raising concerns about its affect on global trade.... + full article



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