The Panama Canal Faces Reduced Shipping Amidst Approaching 'Extreme' El Niño The impending arrival of an "extreme" El Nino season is causing significant disruptions in global trade networks.
One of the most notable effects will be felt at the Panama Canal, where the canal authority has announced a reduction in daily transits from 40 vessels per day to as few as 32 by mid September.
The cuts are directly related to expected water level fluctuations caused by El Nino's drought like conditions.