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Panama's Canal Authority warns of financial distress impacting global supply chain

2024-02-02 00:00

The Panama Canal Authority (ACP) is forecasting a revenue shortfall of between $600 to $800 million. This troubling prediction stems from ongoing drought conditions, restrictions on ship size, and a decrease in daily canal transits.

Queue-jumping auctions have reached prices of $4 million, while logistics firms like Maersk have established a land bridge to link Atlantic and

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Freshplaza.com
Freshplaza.com

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