EconomyLens.com
No Result
View All Result
Thursday, June 5, 2025
  • 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
19
SHARES
242
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

Norway adopts tourist tax to combat overtourism

Trump, Xi hold long-awaited phone call on trade war

US trade gap plummets as Trump tariffs take hold

ECB cuts rate again facing growth, tariff woes

Clean energy investment rising despite economic uncertainty: IEA

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

China lead mine plan weighs heavily on Myanmar tribe

June 5, 2025
Economy

US-China at trade impasse as Trump’s steel tariff hike strains ties

June 5, 2025
Economy

Bulgaria on course to become 21st EU member to adopt euro

June 4, 2025
Economy

Germany unveils tax breaks to boost stagnant economy

June 4, 2025
Economy

US private sector hiring sharply slows, drawing Trump ire

June 4, 2025
Economy

EU gives Bulgaria green light to adopt euro in 2026

June 4, 2025
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

Ghanaian finance ministry warns against fallout from anti-LGBTQ law

74

New York ruling deals Trump business a major blow

71

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

71

Stock markets waver, oil prices edge up

65

Trump and Musk in stunning public divorce

June 5, 2025

Trump, Xi hold long-awaited phone call on trade war

June 5, 2025

Stocks rise as Trump, Xi speak amid trade tensions

June 5, 2025

ECB cuts rates again but pause seen ahead

June 5, 2025
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.