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Panama Canal Jam Sends Ships Sailing Continents Out of the Way

(Bloomberg) The Panama Canal, the century-old engineering marvel that revolutionized global trade, is being squeezed shut by drought and forcing shippers worldwide to face a painful choice.Most Read from BloombergHow Suspects Laundered Billions in Singapore for YearsBonds Retreat as Doubts Over Rate Cuts Creep In: Markets WrapBitcoin Surges Past $42,000 as Crypto Rally Gathers SteamHere’s How to Invest in Gold as It Hits an All-Time HighAlaska Air Agrees to Buy Hawaiian in $1.9 Billion DealTh

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Panama Canal jam sends ships sailing continents out of the way

We face less capacity, more trips, higher costs and a less efficient supply chain, said Paul Snell, chief executive officer of British American Shipping.

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Panama Canal Bottleneck Prompts Detours that Could Boost Inflation

Panama Canal Bottleneck Prompts Detours that Could Boost Inflation
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Panama Canal jam sends ships sailing continents out of the way

Panama Canal jam sends ships sailing continents out of the way
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Panama Canal jam sends ships sailing continents out of the way

Panama Canal jam sends ships sailing continents out of the way
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