Global trade through the PanamaCanal is being severely disrupted by a drought affecting the man-made corridor, which could force shippers to choose other, more costly routes, it was reported.
But Ricaurte Vásquez, Administrator of the PanamaCanal Authority, tells CNBC operational investments and technologies are helping to increase trade. After record drought and worldwide trade ...
The PanamaCanal greatly reduces the time and distance ... tropical Pacific Ocean is contributing to Panama's exceptional drought. Water levels in Gatun Lake, the rainfall-fed reservoir that ...