Drought leads to delays at the Panama Canal

A drought of the century is slowing down international shipping: About 200 ships are currently stuck at the Panama Canal. Some ships are already delayed by up to 20 days, according to Bloomberg. Due to the extreme drought, the vital waterway is currently not carrying enough water. On average, ships are currently waiting four days to pass the canal. Due to drought, Panama declared an environmental emergency in May, and the maximum draught for cargo ships was reduced.