'It is the worst situation since the middle of last century,' said chief meteorologist Jon Davis for Everstream Analytics, a world leader in supply chain analytics.
This aerial picture shows dozens of ships waiting to cross the Panama Canal as it maintains restrictions on the crossing of vessels due to a drought in Panama City, on September 10, 2023. The water levels in the Panama Canal have significantly dropped, causing difficulties for ships passing through. To address this, the Panama Canal Authority has gradually reduced the number of ships allowed to pass since August from 36 to 32 per day.
The authority plans to further decrease this number to 18 by February through successive monthly cuts. In addition, weight and depth limits have been set, which means only smaller ships and those carrying less cargo can use the 51-mile passage. A shopper carries bags in San Francisco, California, on Wednesday, Dec. 21, 2022. While coal is one of the items transported through the canal, liquefied natural gas is a more significant energy commodity that the
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