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The Panama Canal will cut daily vessel transits from 36 to 32 in September as worsening water constraints turn the current drought from a pricing problem into a direct restriction on shipping capacity. The Panama Canal Authority said daily capacity...
#commodity finance#drought#El Niño
The cost of securing short-notice passage through the Panama Canal has surged as worsening drought collides with heavier demand from…
#commodity finance#El Niño#freight costs