Macro Finance
Ships Take Long Way Around as Drought Snarls Panama Canal
Bloomberg Markets·October 6, 2026·1 min read
Maritime traffic through the Strait of Magellan jumped more than 70% in both August and September from a year earlier, as ships diverted from the drought-stricken Panama Canal, according to Chilean Navy data. The rerouting highlights the canal's ongoing water shortage and its impact on global shipping routes.
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