The severe drought at the Panama Canal, which has led to daily crossing limitations, could have an impact on global supply chains, according to S&P Global. The canal has recently increased daily crossings, but the capacity pressures are starting to affect supply chains. While container ships have priority, other categories, especially bulk carriers, have been affected by transit restrictions.
The severe drought which has forced the Panama Canal , one of the world’s busiest trade passages, to limit daily crossings could impact global supply chains during a period of high demand, S&P Global said on Wednesday. The canal has imposed several restrictions since 2023, though last month the Panama Canal Authority bumped up daily crossings to 27, from 24, as water levels rose at the man-made Gatun Lake which feeds into the canal.
“Capacity pressures at the Panama Canal are starting to have an effect on supply chains,” S&P Global said in an analyst report on transportation of cargo and raw materials. “Container ships have yet to feel the impact in light of their priority status, although the situation is changing.” Container ships have priority to pass through the Panama Canal, but transit restrictions have hurt other categories, particularly bulk carrier
Panama Canal Drought Global Supply Chains S&P Global Transportation Cargo Raw Materials Container Ships Bulk Carriers
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Severe drought at Panama Canal could impact global supply chains, says S&P GlobalThe severe drought at the Panama Canal, which has led to daily crossing limitations, could have an impact on global supply chains during a period of high demand, according to S&P Global. While container ships have priority status, other categories, particularly bulk carriers, have been affected by transit restrictions.
Read more »
The Panama Canal Averts a Crisis for Now— But at a Cost to Drinking WaterRecycling canal water to combat drought is making potable supplies saltier
Read more »
Global Market Scan: New challenges for global seaborne tradeCanada's construction news
Read more »
How Ben Cowan-Dewar built a global golf empire (and survived two global crises)Cowan-Dewar started with one golf course on Cape Breton Island—built during the financial crisis—and grew into a slate of courses around the world
Read more »
Panama’s treasures reveal gold’s history as an icon of wealth and powerThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Read more »
W5 visits Panama as protests rage against Canadian-owned mineW5 visited Panama as mass protests raged against a Canadian-owned mine that has now been ordered closed.
Read more »