Alert for Christmas gifts: the Panama Canal is paralyzed due to drought

The Panama Transoceanic Canal

From now on, traffic on this transoceanic route will be reduced by 10%

The restrictions imply delays in trade routes, especially in the automotive and technology sectors.

They are approaching Christmas and many people are starting to think about the gifts, although this year, if we leave it until the last minute, they may not arrive on time.

The reason? He Panama Canal has cut 31 ships the transit along this transoceanic route to save water in a country marked by severe drought.

And what does this mean and what does it have to do with Christmas scraps? The Panama Canal decision could produce severe delays or, sometimes, it may be that the product that comes from another continent never arrive.

With this situation you have to be especially careful if what you want to give are cars or electronic devices. And it moves through the Panama Canal a total of 3% of world trade and ones 14,000 ships cross this transoceanic route. Hereinafter Traffic will be reduced by 10%.

Some restrictions that will cause an accumulation of hundreds of boats waiting for their turn to pass, which implies delays on routes commercial, especially automotive and technology sector.

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2023-11-02 19:04:44
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