Not Nicaragua Canal, Not Mexico But This Will Shut Down The Panama
Delivery delays and increased expenses are a result of the Red Sea Houthi attacks and the drought in Panama. A recent day saw a line of more than fifty ships waiting to pass through the Panama Canal, including cargo ships carrying food and tankers transporting propane. The operator of the canal has reduced the number of crossings due to the prolonged drought, which has extended wait times. Ships now pay tolls that are around eight times more expensive than they used to be.
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