Severe drought is causing severe congestion at the Panama Canal, leading to rerouting of ships and potential delays at the Suez Canal. The bottleneck has prompted concerns about a glut of cargo ships. The situation has also affected the fishing industry and could result in fresh water being shipped to Barcelona. Additionally, US boat sales, which surged during the pandemic, are expected to hit a decade low due to higher interest rates.
US boat sales — which soared during the pandemic — are estimated to reach a decade low this year, another victim of higher interest rates https://t.co/iMRYLbAMhj
US boat sales — which soared during the pandemic — are estimated to reach a decade low this year, another victim of higher interest rates https://t.co/rGQ7gTP3L5
US boat sales — which soared during the pandemic — are estimated to reach a decade low this year, another victim of higher interest rates https://t.co/qdoDxu9BQm
'We aren't going anywhere': How Panama fishing boats brought First Quantum to its knees https://t.co/86QgYaSnN8 https://t.co/NI5NgEH2g3
Tighter water restrictions for drought-stricken northeast Spain went into effect Wednesday, when authorities in Catalonia said that Barcelona may need to have fresh water shipped in by boat in the coming months. https://t.co/rpUPoNDecc
Panama Canal Chaos Might Spread To Suez, Greek Shipping Exec Warns https://t.co/eit8Wfclcy
Unprecedented congestion at the Panama Canal could ultimately result in delays at Egypt’s Suez Canal, according to one Greek shipping giant https://t.co/5Gr8cupRI8
Containership operators rushed to order new vessels during the pandemic as booming demand for consumer goods was expected to fuel global trade for years to come. Now executives are bracing for a glut of cargo ships that is expected to get worse. https://t.co/Fyq3O1kJcc
Bottleneck On Panama Canal Forces Top Tanker Operator To Reroute Ships https://t.co/eit8Wfclcy
Severe drought is constraining the Panama Canal https://t.co/0vMBQbFbf7