11 Hrs
Source:
الاقتصادية
Strait of Magellan sees 70% traffic rise amid Panama Canal crisis
Maritime navigation through the Strait of Magellan jumped by over 70% in August and September compared to the previous year, due to decreased use of the Panama Canal resulting from lower water levels linked to the "El Niño" phenomenon, which imposed transit restrictions. This led many ships, especially those transporting goods from South America and West Africa to Asia, to use the Strait of Magellan as an alternative despite the longer distance and higher costs. The source expects this trend to continue in the coming months with the start of the cruise season, as reliance on the route through the Strait of Magellan increases due to climate and geopolitical crises affecting traditional trade routes.
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