Significant drought is impacting water levels in the Panama Canal, forcing bulk grain shippers to take alternative trade routes to avoid delays. Vessels coming from the U.S. Golf Coast to Asia are opting for longer routes and increased fright expenses to steer clear of congestions and record-breaking transit fees in the Panama Canal.
Significant drought is impacting water levels in the Panama Canal, forcing bulk grain shippers to take alternative trade routes to avoid delays. Vessels coming from the U.S. Golf Coast to Asia are opting for longer routes and increased fright expenses to steer clear of congestions and record-breaking transit fees in the Panama Canal.