El Niño's Shadow Falls on Panama Canal — Low Water Looms Again
Panama Canal water levels plunging under El Niño's watch. Just when shipping thought chokepoints were calming, drought risks spike — echoing 2023's nightmare.
⚡ Key Takeaways
- El Niño forecast risks Panama Canal low water levels, potentially cutting transits 20-25% by Q4 2024. 𝕏
- Echoing 2023 drought, disruptions could double Asia-US East Coast freight rates amid Red Sea fallout. 𝕏
- Shippers must diversify routes now — ACP reservoirs help but won't fully blunt El Niño's drought punch. 𝕏
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Originally reported by JOC Journal of Commerce
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