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Severe drought at Panama Canal could impact global supply chains, says S&P Global

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Panama Canal,Severe Drought,Global Supply Chains

The severe drought at the Panama Canal, which has led to daily crossing limitations, could have an impact on global supply chains during a period of high demand, according to S&P Global. While container ships have priority status, other categories, particularly bulk carriers, have been affected by transit restrictions.

The severe drought which has forced the Panama Canal , one of the world's busiest trade passages, to limit daily crossings could impact global supply chains during a period of high demand, S&P Global said on Wednesday. The canal has imposed several restrictions since 2023, though last month the Panama Canal Authority bumped up daily crossings to 27, from 24, as water levels rose at the man-made Gatun Lake which feeds into the canal.

"Capacity pressures at the Panama Canal are starting to have an effect on supply chains," S&P Global said in an analyst report on transportation of cargo and raw materials. "Container ships have yet to feel the impact in light of their priority status, although the situation is changing."Container ships have priority to pass through the Panama Canal, but transit restrictions have hurt other categories, particularly bulk carrier

Panama Canal Severe Drought Global Supply Chains S&P Global Transit Restrictions Container Ships Bulk Carriers

 

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