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After a notoriously dry season, Panama Canal authorities put restrictions on cargo ship travel. Shipping companies worry delays will worsen ahead of holidays. ....
Cargo ship restrictions put in place after Panama Canal faces dry season azcentral.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from azcentral.com Daily Mail and Mail on Sunday newspapers.
To see firsthand how a lack of rainfall is creating a backlog of cargo. reporter: there is a traffic jam outside of the panama canal. massive cargo ships sitting idle has a low water levels slow the low of goods through this critical waterway. we have vessels waiting outside for almost three weeks. time is money. time is money. reporter: antonio dominguez is a menacing director of shipping giant maersk. he is worried about drying up the canal. the number of vendors through each day has cut from 36 to 32 and some ships are forced to carry up to 40% less cargo so they don t hit bottom. it means extra cost and more time. so the things we buy are going to be more expensive. more expensive and they are going to be late. > reporter:r: thehe panama cl isis onene of f the world d s mt successfsful shortcuts. about $270 billion of trade each year rides on this pathway between the pacific and the atlantic. i have never walked across ....