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Panama Canal Warns of Supply Risks
Economic expert Moha Al Sheikh stated that the reduction in transit bookings through the Panama Canal is due to temporary operational measures aimed at managing the canal's capacity and maintaining smooth vessel traffic, given the challenges affecting operational efficiency. The Panama Canal is one of the most important corridors in global supply chains, connecting Asian, American, and European markets, with over 5% of world trade passing through it, including grains, energy, and petroleum products. She pointed out that if these restrictions persist for a period ranging from 6 to 24 months, it could lead to increased shipping costs and higher long-term booking rates, putting additional pressure on the food and energy sectors and impacting the global routes for oil and gas transportation.
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