Lesson of the Day: ‘Suez Canal Blocked After Giant Container Ship Gets Stuck’
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WorldView: Container ship blocks Suez Canal
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WorldView: Container ship blocks Suez Canal
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Dozens of ships dot both sides of the drought-hit Panama Canal as it maintains restrictions on the crossing of vessels. The measure, prompted by a shortage of rainwater, has congested access to the waterway through which six per cent of the world's maritime trade passes. The canal opened in 1914 after a monumental construction project through dense jungles and mountains, Since then, more than a million vessels have transited through the canal, saving them a lengthy journey around the tip of Sout
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Due to severe drought and low water levels, 154 vessels are now stalled in the Panama Canal, CNBC reported. The Canal Authority, in response, has cut down vessel transit numbers and mandated a shallow draft. These measures, set to last until September 2024, may dent canal earnings by $150-200 million annually. Canal de Panamá | CGTN Global Business
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