Why drought at the Panama Canal matters for your wallet

Why drought at the Panama Canal matters for your wallet  CNN

Panama Canal will cut daily transits of ships from September because of low rainfall and amid an intensifying El Nino event.

The operator said it does not rule out further restrictions on shipping depending on how much it rains in the coming weeks.

The Panama Canal will reduce shipping volumes from next month because of a drought fueled by the El Niño phenomenon, the operator of the strategic waterway linking the Atlantic and Pacific oceans said.

From Sept. 3, the number of vessels allowed through each day will fall from 36 to 34, before dropping further to 32 from Sept. 15 onward.

From September 3, the number of vessels allowed through each day will fall from 36 to 34 due to low water levels in two artificial lakes that feed the canal, the Panama Canal Authority said on Thursday. It will drop to 32 from September 15 on.

From September 3, the number of vessels allowed through each day will fall from 36 to 34 due to low water levels in two artificial lakes that feed the canal, the Panama Canal Authority said on Thursday. It will drop to 32 from September 15 on.

From September 15, number of vessels allowed through each day will fall from 36 to 32

The Panama Canal will reduce shipping volumes from next month because of a drought fuelled by the El Nino phenomenon, the operator of the strategic waterway linking the Atlantic and Pacific oceans said Thursday.