The worst drought in Panama on record risks creating another bottleneck in global trade and strain supply chains as the water levels in the Panama Canal are at their lowest level since one of the world’s most important trade chokepoints opened for navigation in 1914. The Panama Canal, an important route connecting the Pacific Ocean with the Caribbean Sea and the Atlantic Ocean, has seen this year record-low water levels in its Gatún Lake. Authorities have already imposed some navigation restrictions to cope with the drought. Container…
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