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The Latest Breaking News from the Panama Canal

Villagers are wary of plans to dam a river to ensure Panama Canal's water supply

The Panama Canal Authority is reaching out to communities that could be impacted if the Indio River is dammed to make a new reservoir ensuring the water supply needed to operate the Panama Canal

The Independent UK

Global supply chains are under pressure again. Will inflation start rising?

Conflict in the Middle East, a strike at US ports, problems at the Panama Canal … a rush of problems could create a crisis for exporters

The Guardian - UK

Panama Canal Agency Warns Water Shortage 'Is Not Over'

Unlike other waterways such as the Suez Canal, the Panama Canal, which usually handles about six percent of global maritime trade, operates with rainwater from the artificial lakes Gatun and Alajuela.

Latin Times

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Maritime transport slows in Panama Canal due to drought

Today the World Water Forum starts in Bali, where world leaders will discuss the sustainability of water resources for a week. To illustrate the issue of water management, we head to Panama. The Panama Canal, one of the world’s major maritime trade routes, has suffered a decline in its water…

France 24

Panama Canal Administrator Hopes Traffic Normalizes By February 2025

Traffic through the Panama Canal could return to normal by next February, its administrator said, after record-low water levels limited the number of ships able to transit through the global pipeline.

International Business Times

Panama Canal to Maintain Transit Operations Until April

Stay informed with the latest update on the Panama Canal: Exclusive report reveals that there are no plans for transit restrictions until April.

Top News

The Panama Canal is Enduring One of its Worst Droughts and it Could Cost it up to $700 million

Severe drought has led to a significant decline in Panama Canal traffic, causing disruption to a vital global trade route

Latin Times

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Changing climate casts a shadow over the future of the Panama Canal – and global trade

Facing a near unprecedented ‘rainfall deficit’, the Panama Canal has been forced to restrict the number of vessels passing through it

The Guardian - AU

Panama Says Its Canal Produced Record Revenue Despite Drought

The Panama Canal delivered $2.5 billion to the national treasury for last year's operations, the government said Monday, despite record-low water levels that limited ship transits.

International Business Times

Fresh water is a hidden challenge − and opportunity − for global supply chains

Reports of lengthy shipping delays for vessels traveling through the Panama Canal this year have highlighted the critical but often overlooked role that fresh water plays across global supply chains. Drier than normal conditions in Panama, brought on by El Niño, have left the region drought-stricken and water levels in…

The Conversation

Panama Canal reduces the maximum number of ships travelling the waterway to 31 per day

The Panama Canal is reducing the maximum number of ships allowed to travel the waterway to 31 per day due to a drought that has cut the supply of fresh water needed to operate the locks

The Independent UK

Apple launches new iPhone as push to diversify supply chain continues

Apple launched its latest iPhone on Tuesday during an event at its California headquarters, highlighting the device’s new features such as a USB charging port and a titanium lining. The company is diversifying its supply chain away from China by increasing the number of smartphones made in India. Also in…

France 24

Panama Canal: falling water levels threaten world trade

More than 200 vessels are stuck waiting to pass through the Panama Canal, one of the world’s most important shipping routes, because of a dramatic fall in water levels.

The Week

How drought in Central America is pushing up the cost of living in Australia

What does a drought in Central America have to do with Australia’s cost of living? Quite a lot, if the drought affects the Panama Canal.

The Conversation

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The Independent UK

Panama Canal foresees its income falling after shipping limited due to a drought

The managers of the Panama Canal say they expect income from the waterway to drop, after authorities were forced to limit the number of ships passing through each to 32 due to a lack of rainfall

Reuters

Mexico unveils tax break plan for southern business corridor

Mexico on Monday pitched a series of tax incentives aimed at luring companies into investing in a business corridor that President Andres Manuel Lopez Obrador is developing in a southern isthmus in hopes of competing with the Panama Canal.

Barchart

Droughts Boost Shipping Costs and Keep Inflation Elevated

A severe drought that has reduced water levels in the Panama Canal threatens to boost shipping costs that may keep inflation elevated, a new challenge to global central banks as they seek to contain inflation. Water levels at Gatun Lake, which feeds the locks in the Panama Canal to raise...

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