First modification:
The drought in the Panama Canal, caused by the climate crisis and aggravated by the El Niño phenomenon, is affecting the flow of vessels that represent 6% of world trade. This could prompt shipping companies to use alternative routes, such as the Suez Canal, despite higher costs and travel times. To address this logjam, a $900 million investment project is proposed to connect the Indio River to the canal basin and maintain efficient and sustainable transit.
#Link #Jam #Panama #Canal #challenge #global #trade