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Drop in Panama Canal traffic because of severe drought could cost up to $700 million

Por: Los Angeles Times Business January 18, 2024

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A severe drought that began last year has forced authorities to slash ship crossings by 36% in the Panama Canal, one of the world's most important trade routes. The new cuts announced Wednesday by authorities in Panama are set to deal an even greater economic blow than previously expected. Canal administrators now estimate that dipping water levels could cost them $500 million to $700 million in 2024, compared with previous estimates of... + full article



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