JohnDB
Platinum Member
- Jun 16, 2021
- 8,186
- 5,003
I'm sure everyone remembers the Evergreen clogging up the Suez Canal....
40% of all US goods go through the Panama canal. Now, because of drought, shipping is getting difficult and is going to be delayed. This isn't going away anytime soon. Panama needs a lot of rain and soon.
(The canal is not operated by sea water but by a lake)
40% of all US goods go through the Panama canal. Now, because of drought, shipping is getting difficult and is going to be delayed. This isn't going away anytime soon. Panama needs a lot of rain and soon.
(The canal is not operated by sea water but by a lake)
'This is going to get worse before it gets better': Panama Canal pileup due to drought reaches 154 vessels
Ongoing drought conditions and Panama Canal restrictions due to lower water levels are causing massive shipping congestion at the key trade gateway.
www.cnbc.com