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- The Panama Canal Authority is starting new cuts in vessel traffic which will reach over a 40% reduction of vessels by February due to an ongoing drought.
- "This will be the worst El Nino recorded in recent history," Panama Canal Authority Administrator Ricaurte Vásquez Morales recently said.
- Forty percent of all U.S. container traffic travels through the Panama Canal's locks every year and a total $270 billion in trade. . . .
>- The Panama Canal Authority is starting new cuts in vessel traffic which will reach over a 40% reduction of vessels by February due to an ongoing drought.
- "This will be the worst El Nino recorded in recent history," Panama Canal Authority Administrator Ricaurte Vásquez Morales recently said.
- Forty percent of all U.S. container traffic travels through the Panama Canal's locks every year and a total $270 billion in trade.
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[Source Article](https://www.cnbc.com/amp/2023/11/03/panama-canal-drought-hits-new-crisis-level-amid-severe-el-nino.html)
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