21 Hrs
Source:
الاقتصادية
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Magellan Strait traffic rises 70% amid Panama Crisis
There has been a significant increase in maritime traffic through the Strait of Magellan, exceeding 70% in August and September compared to the previous year. This rise is due to the low water levels in the Panama Canal caused by drought linked to the El Niño phenomenon, which led to restrictions on transit there. As a result, ships have rerouted their courses through the Strait of Magellan, despite the longer distance and higher costs. This alternative route helps avoid delays and high fees in the Panama Canal. Additionally, geopolitical disruptions and weather conditions in the region have contributed to the increased reliance on this strait as a vital alternative pathway in shaping global maritime trade routes.
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