EconomyLens.com
No Result
View All Result
Tuesday, April 21, 2026
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
EconomyLens.com
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
No Result
View All Result
EconomyLens.com
No Result
View All Result
Home Economy

Panama Canal administrator hopes traffic normalizes by February 2025

Emma Reilly by Emma Reilly
March 21, 2024
in Economy
Reading Time: 3 mins read
A A
0
20
SHARES
245
VIEWS
Share on FacebookShare on Twitter

Cargo ships wait to cross the Panama Canal in Panama City . ©AFP

Panama City (AFP) – 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.

Related

Kevin Warsh, a former Fed ‘hawk’ now in tune with Trump

Strait of Hormuz blockade drives up costs at Panama Canal

US official says gas prices have peaked despite Iran war

In Portugal, Lula urges return to multilateralism

Russia, North Korea connect road bridge ahead of summer opening

Since last year, authorities have had to limit vessel traffic through the canal, which handles about six percent of global maritime trade.

The waterway operates entirely from water collected through rainfall, and has been hard hit by the combination of climate change and the El Nino weather phenomenon.

“We hope that before February 2025, the situation will normalize,” administrator Ricaurte Vasquez told reporters on Wednesday.

He said the La Nina weather pattern, which is characterized in Central America by an increase in rainfall, should soon replace El Nino conditions, which produce the opposite effect.

“The indications point to a moderate La Nina” that could begin around April, and “a greater likelihood of intensity increasing in July and August,” Vasquez said.

The extra rainfall will not produce immediate changes to the volume of traffic however, as the shipping industry cannot adapt that quickly, he said.

The canal, which was inaugurated by the United States in 1914, requires fresh water to move ships through the lock system. For each ship, about 200 million liters of fresh water must be discharged into the ocean, with the water drawn from nearby Gatun and Alhajuela lakes.

According to authorities, 2023 was the second-driest year in the canal watershed’s recorded history.

© 2024 AFP

Tags: climate changeshipping industrywater levels
Share8Tweet5Share1Pin2Send
Previous Post

Turkey’s central bank hikes rate to 50% as inflation rises

Next Post

Switzerland kickstarts rate cuts for major central banks

Emma Reilly

Emma Reilly

Related Posts

Economy

Turkmenistan, the gas giant increasingly dependent on China

April 21, 2026
Economy

Trump’s Fed chair pick to face lawmakers at key confirmation hearing

April 20, 2026
Economy

Money, lobbyists, inertia: why fossil fuels are so hard to quit

April 20, 2026
Economy

Rat poison found in baby food jar in Austria as products recalled

April 19, 2026
Economy

Iran says final deal still far off as Hormuz Strait shuttered

April 20, 2026
Economy

Trade ships hit in Hormuz as Iran recloses strait

April 18, 2026
Next Post

Switzerland kickstarts rate cuts for major central banks

Leaders tout nuclear power as climate tool at Brussels summit

Global music biz sees 10.2% growth in 2023: industry

US lawmakers race to avert weekend government shutdown

0 0 votes
Article Rating
Subscribe
Notify of
guest
guest
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
  • Trending
  • Comments
  • Latest

New York ruling deals Trump business a major blow

September 30, 2024

Elon Musk’s X fights Australian watchdog over church stabbing posts

April 21, 2024

Women journalists bear the brunt of cyberbullying

April 22, 2024

France probes TotalEnergies over 2021 Mozambique attack

May 6, 2024

New York ruling deals Trump business a major blow

97

Ghanaian finance ministry warns against fallout from anti-LGBTQ law

74

Shady bleaching jabs fuel health fears, scams in W. Africa

71

Stock markets waver, oil prices edge up

65

Oil, stocks fall as traders weigh outlook after Trump extends truce

April 21, 2026

Delicate extraction: Malaysia offers rare earths alternative to China

April 21, 2026

Young Chinese use AI to launch one-person firms over job anxiety

April 21, 2026

AI-powered robots offer new hope to German factories

April 21, 2026
EconomyLens Logo

We bring the world economy to you. Get the latest news and insights on the global economy, from trade and finance to technology and innovation.

Pages

  • Home
  • About Us
  • Privacy Policy
  • Contact Us

Categories

  • Business
  • Economy
  • Markets
  • Tech
  • Editorials

Network

  • Coolinarco.com
  • CasualSelf.com
  • Fit.CasualSelf.com
  • Sport.CasualSelf.com
  • SportBeep.com
  • MachinaSphere.com
  • MagnifyPost.com
  • TodayAiNews.com
  • VideosArena.com
© 2025 EconomyLens.com - Top economic news from around the world.
No Result
View All Result
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials

© 2024 EconomyLens.com - Top economic news from around the world.