• Sign in
  • 1744009905_435.svg 1744009905_642.svg

  • Latest news
  • Top headlines
  • Most read
  • Columnists
O'zbekcha
Ўзбекча
Русский
  • O'zb
  • Ўзб
  • Рус
  • Eng
  • O'zb
  • Ўзб
  • Рус
  • Eng
  • Latest news
  • Top headlines
  • Most read
  • Columnists
    • USD12831.81
    • RUB163.75
    • EUR14606.45
    • Google play
    • App Store
    • Telegram
    • Tashkent
      +23°C
      • Andijan
      • Karshi
      • Bukhara
      • Samarkand
      • Ferghana
      • Sirdarya
      • Jizzakh
      • Termez
      • Namangan
      • Tashkent
      • Navoiy
      • Tashkent reg
      • Nukus
      • Urgench
    • Daryo
      • About Daryo
      • Editorial office
      • Contact us
      • Terms of use
      • Privacy policy
      • News archive
    • Advertisement
    • Social networks
      • Instagram | Main
      • Instagram | Lifestyle
      • Instagram | Sport
      • Facebook | Main
      • OK | Main
      • YouTube | Daryo
      • YouTube | Daryo in Russian
      • YouTube | Daryo Global
    Telegram Youtube Facebook Instagram Twitter vkontakte
    Daryo logo white
    • Uzbekistan
      • Others
      • Navoi
      • Tashkent region
      • Syrdarya
      • Jizzakh
      • Kashkadarya
      • Surkhandarya
      • Khorezm
      • Bukhara
      • Samarkand
      • Namangan
      • Fergana
      • Andijan
      • Karakalpakstan
      • Tashkent City
      • DaryoKindness
      • Weather
    • Central Asia
      • Uzbekistan
      • Afghanistan
      • Kyrgyzstan
      • Kazakhstan
      • Turkmenistan
      • Tajikistan
    • World
    • Money
      • Business
      • Economics
      • Finance
      • Crypto
    • Culture
      • Movies
      • Books
      • Music
      • Celebrities
    • Lifestyle
      • Women only
        • Children
        • Beauty
        • Carrier
        • Advises
        • Fashion
        • Recipes
      • Technology
        • Architecture
        • Gadjets
        • Science
        • Space
        • Media
      • Auto
      • Entertainment
      • Travel
      • Health
      • Education
        • Entrant
        • Learn english
    • Sport
      • Football
      • UFC
      • Boxing
    infinix
    Daryo.uz - Login
    Daryo.uz Daryo.uz
    Daryo.uz - Login
    World

    Panama Canal's vital trade route at risk amid persistent drought and revenue drop

    Panama Canal's vital trade route at risk amid persistent drought and revenue drop

    The Panama Canal, a vital artery of global maritime trade, is confronting a challenging period as a persistent drought continues to impact shipping operations, Euronews reported. The Panama Canal Authority has expressed concerns about a potential drop in revenue, anticipating a substantial decrease of approximately €182 mn in the upcoming fiscal year.

    Panama Canal's vital trade route at risk amid persistent drought and revenue drop
    Photo: Panama Canal's vital trade route at risk amid persistent drought and revenue drop
    Source: Euronews

    The Panama Canal, renowned for its complex system of locks that utilize freshwater reservoirs to enable the passage of colossal cargo vessels, is currently grappling with an unprecedented regional drought. The canal's administrator has been compelled to implement a series of measures to address the water scarcity, including the imposition of surcharges and weight limitations on ships navigating the transoceanic waterway.

    Panama Canal
    Photo: Panama Canal
    Source: Google Images

    Under normal circumstances, the Panama Canal facilitates the transit of 36 to 38 ships daily. However, the canal's operating capacity has been significantly impacted by the ongoing drought, leading authorities to project a reduction in daily ship crossings to a range of 30 to 32. These water efficiency measures have been deemed necessary to ensure the canal's sustainable operation amid the challenging hydrological conditions.

    The anticipated decline in ship traffic and associated toll revenues poses a significant financial challenge for the Panama Canal Authority. The fiscal year set to commence in October is expected to witness a substantial contraction in revenue,

    Panama Canal
    Photo: Panama Canal facilitates the transit of 36 to 38 ships daily
    Source: Google Images

    with a forecasted loss of approximately €182 mn. This decline raises concerns about the canal's ability to fund maintenance and expansion projects crucial for its long-term viability.

    Worsening the situation is the looming threat of the El Niño weather phenomenon. Authorities are apprehensive that the onset of El Niño could exacerbate the already dire water scarcity conditions, further hindering ship movements through the canal. This potential escalation of the crisis underscores the urgency of finding sustainable solutions to ensure the reliable operation of this critical trade route.

    El Niño weather
    Photo: El Niño
    Source: Getty Images

    Disruptions in the Panama Canal's operations can have far-reaching implications for international trade and supply chains. The canal's role in facilitating the movement of goods between the Atlantic and Pacific Oceans is pivotal for numerous industries, including manufacturing, agriculture, and energy.

     

    Follow Daryo's official Instagram and Threads pages to keep up to date on world news.

    05.08.2023, 23:33   Comments (0)   1694
    Facebook Twitter LinkedIn Telegram Email

    Comments (0)

    Sign in
    Leave A Reply Cancel

    On this topic

    TikTok faces impending EU fine over children's data mishandling, Irish regulator takes center stage 

    05.08.2023, 23:18

    New iPhone 15 presentation date revealed

    05.08.2023, 22:54

    Slovenia struggles amidst devastating floods: loss of lives spurs EU warnings across region 

    05.08.2023, 22:24

    ECOWAS leaders prepare for potential military action in Niger as deadline for civilian rule nears 

    05.08.2023, 21:45

    Behind veil: Afghanistan's hidden wealth in shadow economy

    05.08.2023, 20:29

    Niger's Junta cancels military cooperation with France

    05.08.2023, 18:51
    ×Lightbox Image

    Daryo.uz | Solution to your problems


    Beepul 's rising popularity: 3.5x user growth, transaction up 2.3x in 2024


    Don't want to waste time standing in lines? Pay your utility bills through the Ipoteka Retail mobile app?


    More than 500,000 new users: residents of Uzbekistan choose the Hambi superapp


    Beeline Uzbekistan started 2025 with a significant network modernization

     

    Recommended

    Central Bank warns half of monthly income goes to loans as debt burden rises in Uzbekistan

    3 June, 12:34

    Uzbekistan’s foreign trade turnover reaches $24.6bn in 4M25, up 16.3% y/y

    22 May, 11:29

    "We wouldn’t have won without U.S. aid" – The hidden truths behind the USSR’s World War II victory

    12 May, 15:39

    Uzbekistan's banking deposits surge to $25.2bn in March

    8 May, 17:24
     
     
     

    Latest news

    Uzbekistan hosts first IUCN Red List training to advance species conservation

    Uzbekistan | 7 June, 15:58

    636 new companies join Uzbekistan’s IT Park since start of 2025

    Uzbekistan | 7 June, 13:03

    Uzbekistan’s FM attends India-Central Asia Business Council meeting

    Uzbekistan | 7 June, 11:30

    Kyrgyzstan begins building first wind power plant in Balykchy

    Kyrgyzstan | 6 June, 15:44

    Uzbekistan launches pilot cargo shipment on Uzbekistan-Kyrgyzstan-China-Mongolia corridor

    Uzbekistan | 6 June, 13:34

    Uzbekistan sends 183 tons of humanitarian aid to Afghanistan

    Uzbekistan | 6 June, 11:00

    Uzbekistan qualifies for FIFA World Cup 2026 after draw with UAE

    Uzbekistan | 5 June, 23:33
    Daryo About Us

    Full reproduction or partial quoting of material, as well as the use of photographic, graphic, audio and/or video materials of Daryo (the Uzbek Press and Information Agency (UzAPI, now the Agency for Information and Mass Communications under the Presidential Administration of the Republic of Uzbekistan) is registered on 13.03.2015 with certificate number No. 0944 as a mass media) is allowed if there is a hyperlink to the website daryo.uz and/or are accompanied by a note indicating the authorship of the online publication Daryo. Individual publications may contain information that is not intended for users under the age of 18. Info@daryo.uz

    Telegram Youtube Facebook Instagram Twitter vkontakte

    © Simple Networking Solutions, 2013–2025

    Age restriction

    Did you find a bug? Press Ctrl + Enter

    • Terms of use
    • Privacy policy
    • Advertisement
    What are we going to search for?

    Sign In or Register

    Welcome Back!

    Login below or Register Now.

    Google

    or with email

    Leaving a comment, Пользовательского соглашения and Политики конфиденциальности

    Register Now

    Already registered? Login.

    Google

    or with email

    A password will be e-mailed to you.

    Leaving a comment, Пользовательского соглашения and Политики конфиденциальности

    Found an error in the text?

    ×

    Thank you. We have received your message and will fix the error as soon as possible.