JOURNAL ARTICLE

Panama Canal Averts Shipping Crisis With Its Water Plan — and Some Luck.

  • Published In: Bloomberg.com, 2024. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Millard, Peter; McDonald, Michael 3 of 3

Abstract

The Panama Canal has avoided a shipping crisis by implementing careful water management and benefiting from increased rainfall. During a drought last year, the number of vessels allowed to cross the canal each day was reduced to 60% of normal, causing significant delays. However, as water levels have risen, the canal authority has gradually increased the limit, and if rain patterns continue, the canal could return to full capacity next year. This turnaround highlights the vulnerability of waterways to extreme weather and the need for adaptation in the face of climate change. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2024/06, pN.PAG
  • Document Type:Article
  • Subject Area:Power and Energy
  • Publication Date:2024
  • Accession Number:177898938
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