Panama Canal to cut ship traffic amid drought
The Panama Canal intends to reduce the number of ships passing through its waters due to severe drought caused by the El Niño phenomenon, which triggers significant changes in climate patterns and results in a drought wave in Central America, leading to a shortage of water resources. In September, the canal decreased the daily transit number from 36 to 32 ships, and it plans to further reduce it to an average of 29.5 ships per day starting in October to ensure safe and efficient operations. The canal is particularly important given the suspension of maritime traffic through the Strait of Hormuz, which accounts for about one-fifth of global oil and gas trade.
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