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The Panama Canal has announced restrictions on vessel traffic due to low water levels, reducing the daily limit to 34 vessels, and later to 32. This comes as global shipping faces disruptions, with increased demand for transit slots leading to higher auction prices. Experts predict that these changes will raise freight rates and impact shipping routes over the next several months.
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The Panama Canal has announced restrictions on vessel traffic due to low water levels, reducing the daily limit to 34 vessels, and later to 32. This comes as global shipping faces disruptions, with increased demand for transit slots leading to higher auction prices. Experts predict that these changes will raise freight rates and impact shipping routes over the next several months.
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